Comments on: NYSE Bullish Percent Signals Fail http://www.tradersnarrative.com/nyse-bullish-percent-signals-fail-2083.html Freshly squeezed market commentary & analysis Sat, 21 Nov 2009 23:39:13 +0000 http://wordpress.org/?v=2.0.2 by: TONY http://www.tradersnarrative.com/nyse-bullish-percent-signals-fail-2083.html#comment-35672 Fri, 21 Nov 2008 04:59:18 +0000 http://www.tradersnarrative.com/nyse-bullish-percent-signals-fail-2083.html#comment-35672 Babak, The scary thing is that many indicators have failed in detecting the bottom of this market, not just the Bullish Percent Index. Would you think using the Bullish Percent on the S&P 500 might be better than using the one for NYSE? From what I've seen, the commercials have been right on this time around on the S&P 500. They have been at extreme net short positions throughout the entire decline. Tony Babak,

The scary thing is that many indicators have failed in detecting the bottom of this market, not just the Bullish Percent Index. Would you think using the Bullish Percent on the S&P 500 might be better than using the one for NYSE?

From what I’ve seen, the commercials have been right on this time around on the S&P 500. They have been at extreme net short positions throughout the entire decline.

Tony

]]> by: Michael http://www.tradersnarrative.com/nyse-bullish-percent-signals-fail-2083.html#comment-35649 Thu, 20 Nov 2008 18:40:36 +0000 http://www.tradersnarrative.com/nyse-bullish-percent-signals-fail-2083.html#comment-35649 The reason for failure I believe is simple. This particular technical indicator is not old enough. We are seeing things that have not happened since the Last Great Depression. This is a theme I will continue to harp on. Traditional tools will be of no use to you if you are going to compare them to previous readings in the last secular bull market. You will be sure to lose money almost every time if you try to trade off of these. The reason for failure I believe is simple. This particular technical indicator is not old enough. We are seeing things that have not happened since the Last Great Depression. This is a theme I will continue to harp on. Traditional tools will be of no use to you if you are going to compare them to previous readings in the last secular bull market. You will be sure to lose money almost every time if you try to trade off of these.

]]> by: P http://www.tradersnarrative.com/nyse-bullish-percent-signals-fail-2083.html#comment-35647 Thu, 20 Nov 2008 15:33:06 +0000 http://www.tradersnarrative.com/nyse-bullish-percent-signals-fail-2083.html#comment-35647 "My hunch is that what changed over time was the inclusion of non-equity securities on the big board. Right now half of the securities traded on the NYSE are closed-end funds, ETFs, ADRs, municipal bond funds and other funny pieces of paper..." Unfortunately the tech heavy nasdaq and the resource heavy TSE paint a similar picture to the NYSE. “My hunch is that what changed over time was the inclusion of non-equity securities on the big board. Right now half of the securities traded on the NYSE are closed-end funds, ETFs, ADRs, municipal bond funds and other funny pieces of paper…”

Unfortunately the tech heavy nasdaq and the resource heavy TSE paint a similar picture to the NYSE.

]]> by: jh http://www.tradersnarrative.com/nyse-bullish-percent-signals-fail-2083.html#comment-35644 Thu, 20 Nov 2008 11:05:08 +0000 http://www.tradersnarrative.com/nyse-bullish-percent-signals-fail-2083.html#comment-35644 Babak, Thanks for a terrific post! I went back and looked at the Stan Weinstein video. His approach is so simple yet powerful. I can still remember the first time I read his book . . . time to dig it back out again! jh Babak,
Thanks for a terrific post!
I went back and looked at the Stan Weinstein video. His approach is so simple yet powerful. I can still remember the first time I read his book . . . time to dig it back out again!
jh

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