Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Casaubon who wrote (19725)	5/9/1999 11:22:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 34811

Casaubon, Excellent question. The Bullish percent risk levels don't change just because they enter a "marked" percentage area. Such as moving from 34 to 30. BPDRUG will remain Bull Correction unless it penetrates a previous bottom, which on the current chart is at 32%, and then it becomes Bear Confirmed. If it stays above 32% and reversed up it will then be Bull Confirmed. If it does go into Bear Confirmed by breaking a previous bottom and then reverses up below 30% it becomes Bull Alert. At that point being under 30% does make a difference. If it does go into Bear Confirmed but stays above 30% and reverses up, it becomes Bear Correction. The drug sector is right on the edge of the two alert levels. It would be good if the drug sector could move down below 30% and reverse up to Bull Alert. Last I looked the drug sector was close to reversing up. At this level it would be Bull Confirmed (it hasn't broken a previous bottom). Jan I am