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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Warpfactor who wrote (17516)	11/4/2002 9:59:53 PM
From: Sweet Ol	Read Replies (1) \| Respond to of 23153

<<I was puzzled in that the highest level BPCOMPQ ever seemed to achieve was 55, even in the bull market. In fact from 1996 to late 1999, BPCOMPQ was largely rangebound between 35 and 50. The highest levels achieved are in the bear market of the past couple years. I was expecting that in a bull market, BPCOMPQ would have run up to the 70's, but this was not the case. Can anyone offer an explanation?? >> Warp, I'll take a stab at a theory. $BPCOMPQ is the number of stocks with a P&F buy signal. In a bull market some are going up and some are going down at any one point in time, although the overall trend is up. Just because a stock is going up it may not generate a "buy" signal. In a bear market everything is beaten down, when a rally comes along more of them will turn up and therefore create a "buy" signal. BWDIK???? Best to all, JRH