Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
6,816.89
(
-0.11%
)
US TECH 100
24,499.60
(
0.38%
)
Dow Jones
47,916.57
(
-0.56%
)
Brent Oil
92.41
(
0.00%
)
Bitcoin
73,126.20
(
0.20%
)
News Focus
News Focus
Post# of 79026
Next 10
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Little Chico

Send PM Follow Ignore
Followers 32
Posts 2835
Boards Moderated 0
Alias Born 08/19/2005

Little Chico

Re: Duma post# 49411

Sunday, 09/21/2008 1:56:27 PM

Sunday, September 21, 2008 1:56:27 PM

Post# of 79026
The $BPNDX is, as Dorsey says, a "souless barometer." What the future will bring is anybody's guess, but the Bullish Percentage is a very reliable breadth indicator and tells us which "team should be on the field" (as I am watching the Dolphins score again against the Patriots!); offense or defense. Currently, it should be offense, so Dorsey would advise trading long in sectors that have relative strength and in stocks that have relative strength within the sector.

Chico
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today