Replies to post #189 on TRADING 04 FUTURES

[TREND1]

euterpe1
This chart shows $BPSPX on the top
and $SPX on the bottom.

Are you looking at the same chart ?
.

[TREND1]

Bullish Percent Index (BPI)
The Bullish Percent Index (BPI) is a popular market breadth indicator that is calculated by dividing the number of stocks in a given group (an exchange, an industry, etc.) that are currently trading with Point and Figure buy signals, by the total number of stocks in that group. ......

It is important to note that the Bullish Percent Index is not something that can be applied to a single stock but rather an index that is calculated for a group of stocks.

The most popular version of this chart is the NYSE Bullish Percent () which is mentioned prominently in Thomas Dorsey's book, Point & Figure Charting, however it is important to remember that the Bullish Percent index can be calculated for any grouping of stocks.

[TREND1]

euterpe1 you wrote
"I am looking at a P & F chart of the $BPNDX"

Comment:
Interesting, but why are you looking at a P&F chart
of $BPSPX, which is the summary of 500 P&F charts ?

A single P&F chart acts too slowly to changes.IMHO

Is this chart saying any thing to you ????


TREND1 Board
http://beta.investorshub.advfn.com/boards/board.aspx?board_id=12981