Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Monday, February 13, 2012
BPSPX Bullish Percent Daily Chart
Bulls have had a two-month party going. The BPSPX gave the bull signal in late November/early December when it crossed up and over 56 and then never looked back. BPSPX is now at 83 so the market bears can only receive a reverse signal for the indexes if the BPSPX drops under 77, and preferably if the 70 level fails. Until then, the bulls are living it up with an ongoing par-tay. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.
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