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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: William Griffin who wrote (29194)	3/25/1999 1:04:00 AM
From: Gottfried	Respond to of 70976

William, bp=bullish percent=% of stocks [in a sector] having a buy signal. The syllable after bp is the sector designation. Thus "bpguti" means bp for gas utilities. Most others are easy to guess. As a rule of thumb we say bp under 30 means the sector is oversold. Over 70 it is overbought. The mother of all indicators is bpnyse, the bp for the entire NYSE. As you can see it has hovered near 40 for weeks. We're waiting for it to reverse, i.e. increase and keep increasing before we feel bullish again. I realize this explanation is insufficient. Maybe this will help a little dorseywright.com and click on "Samples and Help" But you don't have to understand the Point&Figure method of technical analysis to follow the bp tables posted by Paul. Just remember that each number is the percentage of stocks having a buy signal [therefore looking bullish]. The method has been useful in calling reversals in markets [even when the DOW was going up last summer, the bpnyse called for caution]. Gottfried

To: William Griffin who wrote (29194)	3/25/1999 1:11:00 AM
From: Paul V.	Read Replies (1) \| Respond to of 70976

William, If you have had statistics you can visualize the bell shaped curve. The high standard deviation is 70% and above and the low standard deviation is 30% and less. When the sectors are above the 68 percentile then the sector is in the overbought area. When the sector is below the 30% then the sector is in the over sold area. Go to dorseywright.com site, get a two week free trial and pull up the bull percent charts by keying in the various symbols which I have posted,ie bpnyse, bpotc, bpopti, hilo, 10week, 30week, bpaero, bpasia, etc. Then, for individual charts just key in the stock symbol, ie amat, intc, msft, ca, etc. You can also order the Dorsey Wright book on the site or go to amazon.com and order, I believe. Paul