4 replies to this topic

[spielchekr]

6% drop in $BPNYA, check
drop breaks 70% (oversold) line, check
price divergence with $BPNYA (and everything else) in place, check
tweezer formation on weekly price, check
http://stockcharts.com/c-sc/sc?s=$BPNYA&p=W&yr=3&mn=0&dy=0&i=p01936201007&r=5707.png

Edited by spielchekr, 22 July 2007 - 09:03 AM.

[spielchekr]

Forgot to mention the bullish % gap & backtest... that was my whole point.

[selecto]

NYA is 50% bondlike and 50% operating companies, so I sometimes wonder. The last 3 BPSPX weekly "sells" on the 6% system have been bad.

Edited by selecto, 22 July 2007 - 01:44 PM.

[ogm]

Here is bullish % by sectors, I think this ones are pretty clean, and don't include any prefered stock and other junk. Since they are based on XLF, XLB and so on..

Edited by ogm, 22 July 2007 - 04:01 PM.

[ogm]

And here is NYSE Common Stock Only summation. Its pretty ugly, so that bullish % is probably accurate too.