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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket. -- Ignore unavailable to you. Want to Upgrade?

To: Compadre who wrote (638)	5/12/1999 10:27:00 AM
From: chartseer	Read Replies (1) \| Respond to of 2103

Not sure how high QQQ bp can go. Over 70% is considered over bought. Did see that NYSE bp has been as high as 92% over the last 45 years. QQQ is new so I am not sure how high it can go in extreme cases. Since previous high was 68% if QQQ bp hits 70% you will have a Bull Confirmed and an over bought market. Not the same as a Bull Confirmed from a 30% level. In fact caution should be used if the BP does signal a Bull Confirmed at the 70% level. then again what the heck do I know? chartseer