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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: vampire who wrote (91225)	7/4/2002 11:51:06 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 99280

Patrick, I believe they take the number of stocks above their 200 DMA as a percentage of the universe they calculate BP for. The NDX BP did hit an extreme, but the Naz did not. And indeed the NDX printed a new low much earlier than the Naz did and has "suffered" more than the naz. Zeev

To: vampire who wrote (91225)	7/4/2002 12:20:04 PM
From: Vitas	Respond to of 99280

Bullish Percent Index 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%. It is important to note that the Bullish Percent Index is not something that can be applied to a single stock but rather an index that is calculated for a group of stocks. 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. Because the NYSE's Bullish Percent Index is so closely followed, each day we also publish the list of NYSE stocks with P&F buy signals as well as the list of all stocks in the current NYSE "universe". Those lists can be found on our NYSE BPI Components page. Traditionally, the Bullish Percent indicator is charted on a Point and Figure chart using a 2 point box size. However, the indicator can also be charted and studied using standard charts as well. stockcharts.com