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Technology Stocks : Semi Equipment Analysis
SOXX 295.25+1.4%Sep 25 4:00 PM EDT

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To: Sweet Ol who wrote (83493)6/19/2019 12:25:16 PM
From: Return to Sender2 Recommendations

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oldbeachlvr
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The columns represent Point and Figure buy signals for the Nasdaq 100. Here is an explanation from StockCharts.com where I get the data. It's also where Gottfried got the data before he stopped sharing here:

Point & Figure Buy Signal
Initiated when a column of X's goes higher than the previous column of X's. The signal remains in effect until a P&F Sell Signal occurs. This very simple pattern is used to calculate the various Bullish Percent Indexes.

Here is a long term chart of BPNDX of mine. Note that readings over 70 are considered overbought while readings under 30 are considered oversold. There is a lot more information on this chart than just that but that is the basic premise for following Point and Figure buy signals on any index.


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