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To: Moominoid who wrote (63634)1/13/2003 5:08:05 PM
From: Jorj X Mckie  Respond to of 209892
 
BPNDX is the bullish percent index for the NDX. A bullish percent is determined by taking the stocks that are in a given group that are on a P&F buy signal and dividing them by the number of stocks in the group, thus giving a percentage of stocks that are bullish.

here is the definition from stockcharts.com
stockcharts.com



To: Moominoid who wrote (63634)1/13/2003 5:09:26 PM
From: At_The_Ask  Read Replies (2) | Respond to of 209892
 
It's the precentage of stocks in the nazdaq 100 that have given point and figure buy signals(I'm guessing that are in a column of x's?). The theory is that when too large a percentage of stocks are pointed up the index is overbought.



To: Moominoid who wrote (63634)1/13/2003 7:29:36 PM
From: bcrafty  Respond to of 209892
 
David, from the horse's mouth:

Explanation of Bullish Percentage Indices
stockcharts.com


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