News Focus
News Focus
Followers 35
Posts 4485
Boards Moderated 0
Alias Born 07/06/2002

Re: Jerry Olson post# 127937

Wednesday, 07/09/2003 12:39:40 PM

Wednesday, July 09, 2003 12:39:40 PM

Post# of 704041
Jerry, [edited] re bp: I agree that many who use it may not realize the origins of bp are in PnF and bp was reported only once a week by Dorsey Wright. But I disagree with "i would completely elliminate the BPCOMPX...the true NAZDAQ BP is the OTC on Dorsey Wright Site..Not stockcharts.com..." because it sounds like "my religion is the only true religion". :)

Stockcharts actually posts a list of all compq stocks it uses.
Dorsey Wright's list is proprietary, so not available to us.

Still, those using bp should definitely get an understanding how a stock makes a PnF buy or sell signal and thus is added or dropped from its bp group. Both, Stockcharts and Dorsey Wright, have tutorials on this, as you know. But studying Tom Dorsey's book is best.

[edit in] Chartcraft, Tom Dorsey's mentors, also have tutorials http://www.investorsintelligence.com/x/869n.html?sid=84067

Gottfried



Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today