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

To: chartseer who wrote (680)	5/18/1999 12:12:00 AM
From: Smooth Drive	Read Replies (1) \| Respond to of 2103

Hello Chartseer, The QQQ Bullish Percent Index: 74 X 72 X O 70 X X O 68 X O X X O 66 X O X O X O 64 O X O X O 62 O X X O X 60 O X O X O X 58 O X O X O 56 O X O X 54 O X O X 52 O X O X 50 O X O X 48 O X O X 46 O X O X 44 O X O X 42 O X O X 40 O O Well, we've reversed down into Bear Alert. Do you think it will follow conventional bullish % charts and drop down to the 50% area or lower? BULLISH PERCENT RISK STATUS DEFINITIONS: BULL CONFIRMED: Occurs when a column of X's moves above the previous column of X's. BULL CORRECTION: Occurs when a column of X's in Bull Confirmed risk status reverses down to a column of O's and 1) does not move below the previous column of O's, or 2) reverses down from above the 70% level but does not move to the 68% level or lower. BULL ALERT: Occurs when a column of O's in Bear Confirmed risk status drops to the 30% level or lower, and then reverses up to a column of X's and does not move above the previous column of X's. BEAR CONFIRMED: Occurs when a column of O's moves below the previous column of O's. BEAR CORRECTION: Occurs when a column of O's in a Bear Confirmed risk status reverses up to a column of X's, and does not move above the previous column of X's. BEAR ALERT: Occurs when a column of X's in Bull Confirmed risk status moves to the 70% level or higher, and then reverses down to a column of O's that drop to the 68% level or lower, and does not move below the previous column of O's. NOTE: The above is just for grins and chart discussions. No recommendations of any kind are being made or suggested. Everyone needs to do their own DD or seek professional help when making investment decisions. Take care, Eric