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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?


To: DebtBomb who wrote (68357)8/18/2002 11:50:09 AM
From: SusieQ1065  Read Replies (1) | Respond to of 208838
 
Bullish Percent Data

Current Change Status
NYSE 38 + 2 Bull Confirmed
NASDAQ-100 46 + 7 Bull Confirmed
DOW 50 + 7 Bull Confirmed
S&P 500 48 + 4 Bull Alert
S&P 100 51 + 5 Bull Alert

Bullish percent measures the number of stocks in an index
currently trading on a buy signal on their point and figure
chart. Readings above 70 are considered overbought, and readings
below 30 are considered oversold.

Bull Confirmed - Aggressively long
Bull Alert - Cautiously long
Bull Correction - Pause or pullback in upward trend
Bear Alert - Take defensive action if long
Bear Confirmed - High risk if long, good conditions for shorting
Bear Correction - Pause or rebound in downtrend



To: DebtBomb who wrote (68357)8/18/2002 12:11:48 PM
From: SusieQ1065  Respond to of 208838
 
yah...was talking to Keith this morning...he just
said that now might not be the time to use the "counter
trend" way of shorting...or short all rallies method...

he said he'll wait for a clear signal of breakdown or
breakout before he makes any big plays...

sounds like a good idea to me...