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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: Ms. X who wrote (1987)3/25/1998 10:36:00 PM
From: Ms. X  Read Replies (2) | Respond to of 34808
 
Alrighty Then! The NYSE Bullish percent is at 72% which is what?
The Red Zone! And what does that mean?
Below is the chart, study it and see where buy and sell points come in and how the market swings.
Notice how it reverses down, usually significantly, after reaching the 70%+ level.

Numbers represent months. Ex. 1=Jan, 2=Feb etc. A=Oct, B=Nov, C=Dec.


%
86 | | | | | | | | | | |
84 | | | | | | | | | | |
82 | | | | | | | | | | |
80 | ----------| ------| | ----| --| --| --| ------| --| --| ---------
78 | | | | | | | | | | |
76 3 | | | | | | | | | | 8 A
74 2 O | 9 | | | | | | | | 7 O X O
72 X O 3 8 O | | | | | | | X O X O | X <--Today's reading.
70 X O --------X O ----7 O ----3 --| --| --| ------| --| --| --X 9 --O --| X -----------
68 1 O 8 2 O 6 O X O | 2 | | | | X O | 3
66 X O X O X O 5 O 2 O 2 1 O 2 | 5 | 6 O | X
64 X O X O X O 7 3 O X O 1 O X O 1 O | X O 1 X O | X
62 X O 7 9 X O X O 2 O X 5 X O C O X O 8 X O C O X O | X
60 X O 6 O ----X O X O X O ----X O X O B 4 X 3 ----7 O 2 7 B O X ----O C | X -----------
58 X O X O X 5 O 1 O X 6 X O X C | O X O X O A O 5 O X O 2
56 C O X O X O X O X 8 X O X | O 6 A X O X 4 X O X O X
54 B O X A X 8 X O X A X 4 X | O X B | O 9 O X O X O X
52 X 4 O 1 O X A 6 X O X O X | O 5 | O 8 O O O X
50 X ----O ----X ----B | B X O X B X O X --| O 9 --X --| O X ------------1 -------------
48 X O X | O 5 O X O X 6 | | O X O 4 | O X |
46 A O X | O X O X C | | | O X O X | O | |
44 X O X | O 3 O 1 | | | 4 8 B X | | |
42 X O X | O X O X | | | O X O 3 | | |
40 | ----O ----X ------| 1 X O C --| --| --| O X O 2 --| --| ------------| -------------
38 | O X | 2 O X | | | 5 O X | | |
36 | O X | | O X | | | C X | | |
34 | O X | | O X | | | O | | | |
32 | O X | | O B | | | | | | |
30 | ----O ----X ------| | --O X --| --| --| ------| --| --| ------------| -------------
28 | O X X | | O X | | | | | | |
26 | O X O X | | O X | | | | | | |
24 | O X O X | | O X | | | | | | |
22 | O X O X | | 8 X | | | | | | |
20 | ----O X C | ------| | --O X --| --| --| ------| --| --| ------------| -------------
18 | O X | | | 9 | | | | | | | |
16 | O X | | | | | | | | | | |
14 | O X | | | | | | | | | | |
12 | O B | | | | | | | | | | |
10 | ----O X --| ------| | ----| --| --| --| ------| --| --| ------------| -------------
8 | O X | | | | | | | | | | |
6 | O | | | | | | | | | | |
4 | | | | | | | | | | | |
2 | | | | | | | | | | | |
0 +----87-----+---88--+89--90-+-91+-92+-93+---94--+-95+-96+-----97--------+------98--------
Year.