Replies to post #186 on TRADING 04 FUTURES

[TREND1]

leftyg
I have no idea how much you know
so let me explain what $BPSPX is

$BPSPX (is a free Stock Charts program) that
uses all 500 stocks in the S&P500.
It determines the percentage of the 500 stocks
that are in the P&F buy mode.

Today that is 51%

Each of the stocks in the S&P 500 is tested for the standard
three box set up for a BUY MODE

Then I use the result and look at the trend over a number of days.

The KEY is that the $BPSPX trend should confirm the SPX trend.

This increases the probability of the SPX TREND being correct.

Today we have non confirmation.
For 8/19/08 any thing is possible we may get confirmation
or we not get confirmation.

Hope that helps.
If not, ask again before you put real money into play.