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Technology Stocks : Semi Equipment Analysis
SOXX 291.20+0.8%Sep 24 3:57 PM EDT

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To: Sweet Ol who wrote (83493)6/19/2019 12:25:16 PM
From: Return to Sender2 Recommendations  Read Replies (1) of 85667
The columns represent Point and Figure buy signals for the Nasdaq 100. Here is an explanation from 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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