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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Pink Minion who wrote (51162)	8/27/2001 2:40:49 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

I hear so much talk about how well the stock price has held up. AD, if you are looking to short LRCX may look better. :0) Stan stockcharts.com

To: Pink Minion who wrote (51162)	8/27/2001 11:35:27 AM
From: Gottfried	Respond to of 70976

ex-Dilbert, >The Bullish Percent Index (BPI) is a popular market breadth indicator that is calculated by dividing the number of stocks in a given group (an exchange, an industry, etc.) that are currently trading with Point and Figure buy signals, by the total number of stocks in that group. Bullish Percent levels that are above 70% are considered overbought, whereas levels below 30% are considered oversold. Strong buy signals occur when the Bullish Percent Index falls below 30% and then reverses up by at least 6%. Conversely, promising sell signals occur when it goes above 70%, and then reverses down by at least 6%. The most popular version of this chart is the NYSE Bullish Percent ($BPNYA) which is mentioned prominently in Thomas Dorsey's book, Point & Figure Charting however it is important to remember that the Bullish Percent index can be calculated for any grouping of stocks.< [snip] stockcharts.com Different services define groups differently. Paul V. follows bp as reported by his subscription service, Dorsey Wright, weekly. Stockcharts has a smaller number of groups but updates the bp daily stockcharts.com Conventionally bp charts have been Point-and-Figure, but there's no reason not to use ordinary line charts as Stockcharts does. You can click on their charts for different times scales, PnF etc. Gottfried