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

To: Challo Jeregy who wrote (15948)	3/18/1999 8:55:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 34809

RE: Questions on BP's Challo this is an excellent question and makes me realize there are probably a few out there that don't know the separation between the indicator BP's and the Sector BP's. The indicator BP's take into consideration a broad range of the market. They give you the risk level of the market itself which is the "universe" if you will in your investing. This is where everything is embodied. The sector BP's take into consideration a specific group of stocks. They are chosen to represent those in that sector to determine the risk level of that particular grouping. This is more narrow than the "universe" of the indicator BP's. So, the indicator BP's are: 10week 30week High Low Optional Bullish percent Over the counter Bullish Percent NYSE Bullish percent The sectors are 27 in total from Aerospace to Waste Management. The internet sector is in this area. When you ask when the internet BP will be included in the BP's I think you are confusing the sector with the indicators. The internet sector is brand new and we will use it to determine the risk level of that sector. This brings up the order of importance (if you will) for considering your market risk and what positions to take. 1) NYSE BP: Top dog and determines how risky the market universe is. 2) Sector BP's: Tells you what sectors are in risky or advantageous positions. 3) The stock itself. Once you have 1 and 2 determined, it makes 3 a lot easier. I hope that helped. Oh, internet at 70% - that is in the red zone and overbought area. We consider a reversal from above 70% as serious. It can obviously go much higher but you know that if it reverses from here you have to pay attention. Jan I am