James:
Thanks for this posting. I had never read that Charles Dow used P & F charts. This page is the only one that I have ever seen that gives a basis for box sizes (6%). Doesn't the McClellan oscillator give similar top/bottom information? Regards Lionel _____ From: [email protected] [mailto:[EMAIL PROTECTED] On Behalf Of James C. Barone Sent: Friday, August 25, 2006 1:55 PM To: [email protected] Subject: RE: [quotes-plus] Bullish Percent Index and Stocks Above X Day Average The BPI (for any market index) is, to the best of my knowledge proprietary to Dorsey Wright Associates. Having said that, however, if you have the Point & Figure data (charts) for every stock in the respective index you could calculate the BPI. A daunting task I might add. Take a look at the following: http://www.crbtrade <http://www.crbtrader.com/trader/v07n03/v07n03a08.asp> r.com/trader/v07n03/v07n03a08.asp One caution; use of BPI does not mean that there is an imminent reversal at either high or low values of the BPI. Stocks within the index can go up or down for sustained periods of time once the BPI is at a peak or trough. Or, more likely, the component stocks will churn at peaks and troughs in the BPI as the leaders within the index give way to the followers. Further, the P&F charts used to generate the BPI's are not cap weighted whereas most indices are. Hence the BPI's do not track the indices perfectly albeit pretty good (if that is good enough for you). Jim -----Original Message----- From: quotes-plus@ <mailto:quotes-plus%40yahoogroups.com> yahoogroups.com [mailto:quotes-plus@ <mailto:quotes-plus%40yahoogroups.com> yahoogroups.com] On Behalf Of DaveW Sent: Friday, August 25, 2006 10:51 AM To: quotes-plus@ <mailto:quotes-plus%40yahoogroups.com> yahoogroups.com Subject: RE: [quotes-plus] Bullish Percent Index and Stocks Above X Day Average Hi Ron, Thanks for the reply. The Bullish Percent Index (BPI) is unrelated to the X day average index. If you review the link that I provided it specifies how the index is calculated . basically it's the percent of symbols that are currently exhibiting a Point and Figure chart buy signal. I'm really interested in obtaining the historical data because it would be quite difficult to reproduce. I have found the BPI to be an excellent indicator for identifying market extremes that are not always apparent when looking at the more common indicators like the VIX, Put/Call ratio and New Highs/Lows. Dave -----Original Message----- From: quotes-plus@ <mailto:quotes-plus%40yahoogroups.com> yahoogroups.com [mailto:quotes-plus@ <mailto:quotes-plus%40yahoogroups.com> yahoogroups.com] On Behalf Of Ron Brown Sent: Friday, August 25, 2006 8:08 AM To: quotes-plus@ <mailto:quotes-plus%40yahoogroups.com> yahoogroups.com Subject: RE: [quotes-plus] Bullish Percent Index and Stocks Above X Day Average Hi Dave, HGS Investor which uses QP as a data source has this capability. www.highgrowthstock.com <http://www.highgrow <http://www.highgrow <http://www.highgrowthstock.com/> thstock.com/> thstock.com/> I can track the % of any index above or below any of these moving averages; 20 DMA, 30 DMA, 50 DMA, 200 DMA. This chart shows the % of stocks in the internet sector trading above the 50 DMA. I use this to determine Bullish % above the 50 DMA. The blue line in the top window is the % of stocks above the 50 DMA, and the red line is a 21 day moving average of the 50 DMA. Ron _____ From: quotes-plus@ <mailto:quotes-plus%40yahoogroups.com> yahoogroups.com [mailto:quotes-plus@ <mailto:quotes-plus%40yahoogroups.com> yahoogroups.com] On Behalf Of DaveW Sent: Thursday, August 24, 2006 1:21 PM To: quotes-plus@ <mailto:quotes-plus%40yahoogroups.com> yahoogroups.com Subject: [quotes-plus] Bullish Percent Index and Stocks Above X Day Average Does anybody know of a free or low-cost data source for the NYSE and S&P 500 Bullish Percent Index and Stocks above their X day average? I monitor these charts at www.stockcharts.com <http://www.stockcha <http://www.stockcha <http://www.stockcha <http://www.stockcharts.com/> rts.com/> rts.com/> rts.com/> but would like to get the actual data so that I can use it with my own charting programs. Here's a link to a description of these market indicators. http://www.stockcha <http://www.stockcha <http://www.stockcha <http://www.stockcharts.com/education/IndicatorAnalysis/marketindicators> rts.com/education/IndicatorAnalysis/marketindicators 1.ht > rts.com/education/IndicatorAnalysis/marketindicators1.ht m> rts.com/education/IndicatorAnalysis/marketindicators1.htm l#BPI Unfortunately, stockcharts.com does not allow the User to export the data from the charts. This data set would be a very useful additional to QuotePlus. I realize that I could probably calculate the indices myself, but generating the historical data would be a lot of work considering how many changes have been made to the indices over the years. Regards, Dave [Non-text portions of this message have been removed] [Non-text portions of this message have been removed] Yahoo! Groups Links [Non-text portions of this message have been removed] Yahoo! 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