To: Gottfried who wrote (29190 ) 3/24/1999 11:47:00 PM From: Paul V. Read Replies (4) | Respond to of 70976
Gottfried and threaders, Following are the DW Bull percentages for the last last week and preceding 4 weeks. Note that the high/lows reversed down giving us three of the leading indicator in the downward mode. The 10week is also getting closer to reversing down as well. This, IMO, looks pessimistic to me. AMAT in specific is at the DW Bull Support line at 57. Hopefully, AMAT will bounce off the support line and reverse up. AMAT breaking the Bull Support line of $57 is a negative. However, the IBD relative strength is holding at 95 out of a high possible of 99 which is good. Check the number of sectors below 40% as compared against the previous weeks. On the positive side these lows give potential buyers, if they have cash, additional buying opportunities as the number of sectors below 40%. Only one sector is in the overbought area 70% and above. PS. a new sector, internet, bpinet, has been added to the Bull percentages. Naturally, the above is only my opinions and the data which I have reviewed from the Dorsey Wright site. Readers are reminded the old saving, "caveat emptor (buyer/reader beware)." Scroll to the right to see all the data. PAUL SECTOR Percent SECTOR Percent SECTOR Percent SECTOR Percent SECTOR Percent 2/23/99 3/2/99 3/9/99 3/16/99 3/23/99 10week 32.39 10week 28.11 10week 35.29 10week 41.74 10week 35.71 LEADING INDICATOR #1 30week 40.23 30week 38 30week 40.94 30week 42.79 30week 38.37 LEADING INDICATOR #4 bpaero 46.1 bpaero 48.3 bpaero 49.4 bpaero 49.4 bpaero 39.6 bpasia 38.3 bpasia 36.2 bpasia 36.2 bpasia 36.2 bpasia 42.6 bpauto 48.6 bpauto 45.2 bpauto 46.2 bpauto 48.1 bpauto 43.3 bpbank 45.1 bpbank 44 bpbank 45.7 bpbank 46.5 bpbank 44 bpbiom 43.1 bpbiom 41.6 bpbiom 36.5 bpbiom 40.1 bpbiom 40 bpbuil 42.3 bpbuil 38.9 bpbuil 37.5 bpbuil 38.1 bpbuil 36.1 bpbusi 40.3 bpbusi 37 bpbusi 34.2 bpbusi 33 bpbusi 30 bpchem 31.5 bpchem 31.5 bpchem 29.6 bpchem 30.6 bpchem 29 bpcomp 44 bpcomp 41.4 bpcomp 39.8 bpcomp 40.6 bpcomp 32.8 bpdrug 47.4 bpdrug 46 bpdrug 46 bpdrug 44.1 bpdrug 38.5 bpelec 44.3 bpelec 35.5 bpelec 35.52 bpelec 36.6 bpelec 34.3 bpeuro 67.9 bpeuro 74.1 bpeuro 66.7 bpeuro 70.4 bpeuro 70.4 bpeuti 43.5 bpeuti 40.7 bpeuti 41.9 bpeuti 40.7 bpeuti 40 bpfina 41.6 bpfina 39.5 bpfina 38.7 bpfina 38.7 bpfina 34.1 bpfood 46.1 bpfood 43.2 bpfood 41 bpfood 39.3 bpfood 35.4 bpfore 47.2 bpfore 45.3 bpfore 40.4 bpfore 40.4 bpfore 46.2 bpgame 50 bpgame 48.9 bpgame 40.4 bpgame 44.7 bpgame 48.9 bpguti 38.2 bpguti 38.2 bpguti 38.2 bpguti 38.2 bpguti 36.8 bpheal 39.4 bpheal 38.8 bpheal 37.5 bpheal 38.1 bpheal 34.7 bphous 45.9 bphous 40.7 bphous 37.7 bphous 40.4 bphous 34.9 bpinsu 44.4 bpinsu 42.5 bpinsu 42.5 bpinsu 46.9 bpinet 57.8 bplati 40.4 bplati 38.6 bplati 46.4 bplati 56.4 bpinsu 44.4 bpleis 44.5 bpleis 44.5 bpleis 40.2 bpleis 40.2 bplati 54.5 bpmach 39.1 bpmach 35.8 bpmach 36.5 bpmach 36.9 bpleis 38.9 bpmedi 57.5 bpmedi 57.1 bpmedi 57.57 bpmedi 53.7 bpmach 34.6 bpmeta 26.2 bpmeta 25.6 bpmeta 25.6 bpmeta 27.2 bpmedi 52.3 bpnyse 41.1 bpnyse 39.1 bpnyse 39.4 bpnyse 42 bpmeta 28.4 bpoil 14 bpoil 12.5 bpoil 20.2 bpoil 30.1 bpnyse 39.6 NEW YORK STOCK EXCHG. bpoils 20.4 bpoils 14.4 bpoils 19.6 bpoils 29.9 bpoil 33.7 bpopti 42.45 bpopti 39.55 bpopti 41.03 bpopti 44.34 bpoils 42.3 bpotc 43.8 bpotc 40.8 bpotc 41.6 bpotc 42.7 bpopti 39.7 LEADING INDICATOR #2 bpprec 32.7 bpprec 30.9 bpprec 34.5 bpprec 35.2 bpotc 37.6 OVER-THE-COUNTER bpprot 48.8 bpprot 46.5 bpprot 40.5 bpprot 37.2 bpprec 37 bpreal 33.2 bpreal 31.7 bpreal 29.1 bpreal 28.4 bpprot 34.9 bprest 47.3 bprest 48.4 bprest 43.3 bprest 43.2 bpreal 26.9 bpreta 47.5 bpreta 44.5 bpreta 44.4 bpreta 43.4 bprest 43.2 bpsavi 46.1 bpsavi 45.2 bpsavi 44.3 bpsavi 45.5 bpreta 38 bpsemi 52 bpsemi 35 bpsemi 45.5 bpsemi 47.5 bpsavi 44.8 bpsoft 50.5 bpsoft 47.6 bpsoft 45.1 bpsoft 46.2 bpsemi 40.4 bpstee 28.3 bpstee 28.9 bpstee 25.8 bpstee 24.2 bpsoft 38.4 bptele 41.8 bptele 40.4 bptele 41.4 bptele 45.7 bpstee 24.5 bptext 42.3 bptext 39.4 bptext 41.7 bptext 38.8 bptele 43.3 bptrans 41.8 bptrans 41.3 bptrans 39.1 bptrans 40.2 bptext 37.9 bpwall 52.6 bpwall 49.1 bpwall 47.4 bpwall 54.4 bptrans 33 bpwast 32.4 bpwast 30 bpwast 30 bpwast 31.4 bpwall 47.4 HiLo 20.38 HiLo 23.4 HiLo 32.76 HiLo 45.2 bpwast 30.4 HiLo 38.2 LEADING INDICATOR #3 NUMERICAL RANKING BELOW SECTOR Percent SECTOR Percent SECTOR Percent SECTOR Percent SECTOR Percent 2/23/99 3/2/99 3/9/99 3/16/99 3/23/99 bpeuro 67.9 bpeuro 74.1 bpeuro 66.7 bpeuro 70.4 bpeuro 70.4 bpmedi 57.5 bpmedi 57.1 bpmedi 57.57 bplati 56.4 bpinet 57.8 bpwall 52.6 bpwall 49.1 bpaero 49.4 bpwall 54.4 bplati 54.5 bpsemi 52 bpgame 48.9 bpwall 47.4 bpmedi 53.7 bpmedi 52.3 bpsoft 50.5 bprest 48.4 bplati 46.4 bpaero 49.4 bpgame 48.9 bpgame 50 bpaero 48.3 bpauto 46.2 bpauto 48.1 bpwall 47.4 bpprot 48.8 bpsoft 47.6 bpdrug 46 bpsemi 47.5 bpfore 46.2 bpauto 48.6 bpprot 46.5 bpbank 45.7 bpinsu 46.9 bpsavi 44.8 bpreta 47.5 bpdrug 46 bpsemi 45.5 bpbank 46.5 bpinsu 44.4 bpdrug 47.4 bpfore 45.3 bpsoft 45.1 bpsoft 46.2 bpbank 44 bprest 47.3 bpsavi 45.2 bpreta 44.4 bptele 45.7 bptele 43.3 bpfore 47.2 bpauto 45.2 bpsavi 44.3 bpsavi 45.5 bpauto 43.3 bpsavi 46.1 bpreta 44.5 bprest 43.3 HiLo 45.2 bprest 43.2 bpfood 46.1 bpleis 44.5 bpinsu 42.5 bpgame 44.7 bpasia 42.6 bpaero 46.1 bpbank 44 bpeuti 41.9 bpopti 44.34 bpoils 42.3 bphous 45.9 bpfood 43.2 bptext 41.7 bpdrug 44.1 bpsemi 40.4 bpbank 45.1 bpinsu 42.5 bpotc 41.6 bpreta 43.4 bpeuti 40 bpleis 44.5 bpbiom 41.6 bptele 41.4 bprest 43.2 bpbiom 40 bpinsu 44.4 bpcomp 41.4 bpopti 41.03 30week 42.79 bpopti 39.7 LEADING INDICATOR #2 bpelec 44.3 bptrans 41.3 bpfood 41 bpotc 42.7 bpnyse 39.6 NEW YORK STOCK EXCHG. bpcomp 44 bpotc 40.8 30week 40.94 bpnyse 42 bpaero 39.6 bpotc 43.8 bphous 40.7 bpprot 40.5 10week 41.74 bpleis 38.9 bpeuti 43.5 bpeuti 40.7 bpfore 40.4 bpeuti 40.7 bpdrug 38.5 bpbiom 43.1 bptele 40.4 bpgame 40.4 bpcomp 40.6 bpsoft 38.4 bpopti 42.45 bpopti 39.55 bpleis 40.2 bphous 40.4 30week 38.37 LEADING INDICATOR #4 bptext 42.3 bpfina 39.5 bpcomp 39.8 bpfore 40.4 HiLo 38.2 LEADING INDICATOR #3 bpbuil 42.3 bptext 39.4 bpnyse 39.4 bptrans 40.2 bpreta 38 bptrans 41.8 bpnyse 39.1 bptrans 39.1 bpleis 40.2 bptext 37.9 bptele 41.8 bpbuil 38.9 bpfina 38.7 bpbiom 40.1 bpotc 37.6 OVER-THE-COUNTER bpfina 41.6 bpheal 38.8 bpguti 38.2 bpfood 39.3 bpprec 37 bpnyse 41.1 bplati 38.6 bphous 37.7 bptext 38.8 bpguti 36.8 bplati 40.4 bpguti 38.2 bpbuil 37.5 bpfina 38.7 bpbuil 36.1 bpbusi 40.3 30week 38 bpheal 37.5 bpguti 38.2 10week 35.71 LEADING INDICATOR #1 30week 40.23 bpbusi 37 bpbiom 36.5 bpheal 38.1 bpfood 35.4 bpheal 39.4 bpasia 36.2 bpmach 36.5 bpbuil 38.1 bpprot 34.9 bpmach 39.1 bpmach 35.8 bpasia 36.2 bpprot 37.2 bphous 34.9 bpasia 38.3 bpelec 35.5 bpelec 35.52 bpmach 36.9 bpheal 34.7 bpguti 38.2 bpsemi 35 10week 35.29 bpelec 36.6 bpmach 34.6 bpreal 33.2 bpreal 31.7 bpprec 34.5 bpasia 36.2 bpelec 34.3 bpprec 32.7 bpchem 31.5 bpbusi 34.2 bpprec 35.2 bpfina 34.1 bpwast 32.4 bpprec 30.9 HiLo 32.76 bpbusi 33 bpoil 33.7 10week 32.39 bpwast 30 bpwast 30 bpwast 31.4 bptrans 33 bpchem 31.5 bpstee 28.9 bpchem 29.6 bpchem 30.6 bpcomp 32.8 bpstee 28.3 10week 28.11 bpreal 29.1 bpoil 30.1 bpwast 30.4 bpmeta 26.2 bpmeta 25.6 bpstee 25.8 bpoils 29.9 bpbusi 30 bpoils 20.4 HiLo 23.4 bpmeta 25.6 bpreal 28.4 bpchem 29 HiLo 20.38 bpoils 14.4 bpoil 20.2 bpmeta 27.2 bpmeta 28.4 bpoil 14 bpoil 12.5 bpoils 19.6 bpstee 24.2 bpreal 26.9 bpstee 24.5