NYSE Bullish Percent Index Unbelievably Bullish
1 Comment Published October 13th, 2008 in Market InternalsI had to do a double take on this - 2.76%? The NYSE bullish percent index is below 3%? below the 1987 crash level? below every single other crisis low?
The NYSE bullish percent index was introduced by Abe Cohen way back in 1955. Since then it has come to a hallowed place as an internal market measure of breadth.
The traditional interpretation is to become bullish when the index reaches below 30% and then pushes back above. Obviously we haven’t seen this yet, but still… we are lower than we have ever been.
Wow.
How to time the market with bullish percent charts
Abe Cohen, breadth, bullish percent index, chartcraft, market internals, market timing, NYSE bullish percent index, point figure charting
Search
Trader’s Narrative is powered by
Recent Comments