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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Alastair McIntosh who wrote (5837)	10/5/2002 9:57:10 AM
From: Return to Sender	Read Replies (1) \| Respond to of 95515

Alastair, BPNDX can be used as an indicator that will help to predict when major market bottoms occur. When is a buy signal generated? Well first what we look for from a contrarian investment standpoint is a bpNDX below 30. It is at 17 now. That is well below 30 but it was as low as 8 in July and even lower at 1 back after the September 11 attack: stockcharts.com[l,a]dhclyiay[d20010911,20021005][pc20!i!f][vc60][iUb14!Uk14!Ul14!Lp14,3,3!Lf!Lc20!Lah12,26,9]&pref=G The buy signal is not generated until the BPNDX turns high enough to break through the 20 day moving average now at 26.50 and falling. There is a discussion of the predictive values of numerous signals of a major market bottom here: capitalstool.com The discussion is old but the charts update every day after the close. I would enjoy further discussion concerning these charts. We are definitely oversold now but not as bad as we were in July or after September 11 so we are probably heading even lower. RtS

To: Alastair McIntosh who wrote (5837)	10/5/2002 11:53:57 AM
From: Gottfried	Read Replies (1) \| Respond to of 95515

Al, [edit add] Larry Dudash has done a study going back 2 years and has come up with a simple way to find entry and exit points using bpcompq - the Nasdaq bullish percent. investorshub.com The first link in his post leads to his website where the chart containing the criteria is posted. Criteria are: sell when bpcompq is over 54 and turning down, buy when bp is under 30 and turning up. Larry rejected the bpNDX as being too busy. [edit add] Check my chart home.attbi.com Gottfried