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To: kodiak_bull who wrote (17964)12/2/2002 9:40:11 PM
From: Gottfried  Read Replies (1) | Respond to of 23153
 
kb, looks like bpNDX might stay up there above 60/70 for a few weeks? Here are the 18 stocks on a PnF sell signal...

ADCT
AMGN
APOL
BRCD
CEPH
CNXT
CTXS
CYTC
ESRX
IDPH
INTU
ITWO
IVGN
MEDI
MOLX
PDLI
SSCC
SUNW

Some are close to reversal to 'buy'.

Gottfried



To: kodiak_bull who wrote (17964)12/2/2002 10:36:22 PM
From: ajtj99  Read Replies (1) | Respond to of 23153
 
If you had shorted the first close at 83 BPNDX in April 2001, you'd have shorted the COMP at 2079. The COMP dropped to 2000 5-sessions later before rebounding to 2328 a little more than a month later.

You'd have shorted 10% too soon.

That's why the absolute values of the BPNDX are not relevant and the 13-EMA and 20-EMA cross-overs are.