7 replies to this topic

[Swiss Trader]

 

 

The Bullish Percent Index (BPI) is a breadth indicator based on the number of stocks on Point & Figure Buy Signals within an index. Developed by Abe Cohen in the mid-1950s, the Bullish Percent Index was originally applied to NYSE stocks. Cohen was the first editor of ChartCraft, which later became Investors Intelligence. BPI signals were further refined by Earl Blumenthal in the mid 70's and Mike Burke in the early 80's. Because a stock is either on a P&F Buy or Sell Signal, there is no ambiguity when it comes to P&F charts. This makes BPI a straightforward indicator with clearly defined signals.

Edited by Swiss Trader, 04 August 2017 - 02:46 AM.

[redfoliage2]

This may be the day:

https://eclipse2017....re-when-and-how

[da_cheif]

this may be the day allright.....covfefe

[Data]

It's usually charted with the Point-and-Figure method.  It's still in a column of rising X's.  The BPNYA is actually falling.  I have the same result in my countertrend neural net which incorporates breadth and technical signals.   The broader averages' breadth are no longer overbought, while the SPX is still overbought with a potential sell signal.

Edited by Data, 04 August 2017 - 07:35 AM.

[Data]

Bonds and stocks rallying together since the morning low.  'Enuf said.

[gameover]

only thing immanent is another beartard calling a top every 30 min's

 

Aug is going to be UP huge

 

keep shoving in their faces chief, only one that has it right

[12SPX]

GO your back yay!!!  Whats it going too?

[pali]

I am following the Flying Titanic Signal as published in the TASC , MAY 1995 , it gave a SELL signal on 8/09 and so far the signal is confirmed.
This was the first signal since 3/06 , that SELL signal was reversed on 3/10 , previous BUY signal was given in the fall of 2015 .
The signal was applied to the
DOW and has been back tested approx. 17 years , it is a long term indicator with excellent results on the buy signals.
Has anyone used this system ?
I believe the signal is valid since according to the calendar years ending in 7 are not favorable for the market