The Market Indicators thread

eieio · 9 March 2008

Hello there Motorway.

Re the Updata Technical Analyst software that you use. Does it allow you to select some/all of the individual stocks in a particular sector (or sectors) to analyse for %B construct outcomes such as the ones you have shown above. If so, is the process of selection of these stocks from your database straight forward or tedious ie: is there a built-in pulldown menu or do you have to program the software to do it.

Btw: I presume that when you are talking about XAO you are in fact analysing all of the ASX stocks that make up the XAO index - is this correct?

NB: Thanks to you and Greenfrog both for some enlightening posts

motorway · 9 March 2008

Does it allow you to select some/all of the individual stocks in a particular sector (or sectors) to analyse for %B construct outcomes such as the ones you have shown above.

There are various versions of UpdataTA

Bloomberg , Esignal & EOD....There are also real time and 15 min delayed
versions that also come with ( updata's own)data but for only UK & USA)

atm I have the EOD version which also comes with data... But the ASX data they provide is unadjusted.... So i do not use it..

The software will link to eg a metastock database and I have so linked it to
a premiumdata metastock database....

If so, is the process of selection of these stocks from your database straight forward or tedious ie: is there a built-in pulldown menu or do you have to program the software to do it.

The EOD versions have very good scanning and of course P&F

It will calaculate the B% for example in about 20 seconds for the XAO
That is calculated from all the stocks in the XAO..
Just click B% define settings ( eg calculate log charts 2% single breaks )
and bingo...

Now because it is a third party database a first step is to buffer the data
this takes about 30 seconds... eg It imports the metastock folder for the XAO it will then build or scan from the data very quickly..

You don't need to do this with charts it will fetch data... it just makes scans and market breadth calculations quicker if you pre buffer

There are number of mkt breadth options
scans are user defined
including P&F eg all stocks above up sloping trend line..on a buy/sell signal ( user defined ) and with any other conditions ..
scan volume relative strength, patterns ...

it will tell you what stocks are voting yes on B% etc

Btw: I presume that when you are talking about XAO you are in fact analysing all of the ASX stocks that make up the XAO index - is this correct?

YES.... Premium data allows one to construct custom folders
There is a large number... Then buffer the data and scan or construct B% etc
On any of the available folders

You just need a folder containing the stocks you want to scan or build from

The Esignal Version is much more powerful and would be more integrated with the data
It has custom coding etc and of course dynamic real time charts

You only need an email address to get a 2 week trial

It is very possible that justdata would be the better
option in looking for data for updataTA EOD

Esignal which I have been waiting for
would maybe be the premium option

motorway

motorway · 9 March 2008

Here is the B%
and here are the stocks voting YES atm

took about 5 seconds all up of calculation time

( I had pre buffered already )

motorway

Code Name Long Name
AAC AUSTRALIAN AGRICULT. ORDINARY
AAX AUSENCO LIMITED ORDINARY
ABB ABB GRAIN LIMITED ORDINARY B CLASS
ABC ADELAIDE BRIGHTON ORDINARY
ABY ADITYA BIRLA ORDINARY
AED AED OIL LIMITED ORDINARY
AEU AUSTRALIAN EDUCATION UNITS
AGM ALLEGIANCE MINING ORDINARY
AIM AIM RESOURCES ORDINARY
ALB ALBIDON LIMITED CHESS DEPOSITARY INT
ALS ALESCO CORPORATION ORDINARY
AMC AMCOR LIMITED ORDINARY
AMU AMADEUS ENERGY ORDINARY
ANE AUSPINE LIMITED ORDINARY
ANN ANSELL LIMITED ORDINARY
API AUSTRALIAN PHARM. ORDINARY
AQA AQUILA RESOURCES ORDINARY
ASB AUSTAL LIMITED ORDINARY
AWB AWB LIMITED B CLASS SHARES
AWC ALUMINA LIMITED ORDINARY
AWE AUSTRALIAN WORLDWIDE ORDINARY
AZA ANZON AUSTRALIA LTD ORDINARY
BBW BABCOCK & BROWN WIND STAPLED SECURITIES
BEI BABCOCK & BROWN ENV. ORDINARY
BMN BANNERMAN RESOURCES ORDINARY
BPT BEACH PETROLEUM ORDINARY
BSG BOLNISI GOLD NL ORDINARY
BSL BLUESCOPE STEEL LTD ORDINARY
BTA BIOTA HOLDINGS ORDINARY
BVA BRAVURA SOLUTIONS ORDINARY
CCL COCA-COLA AMATIL ORDINARY
CCP CREDIT CORP GROUP ORDINARY
CDA CODAN LIMITED ORDINARY
CDD CARDNO LIMITED ORDINARY
CDU CUDECO LIMITED ORDINARY
CEY CENTENNIAL COAL ORDINARY
CFU CERAMIC FUEL CELLS ORDINARY
CLOR CLOUGH LIMITED RIGHTS 17-DEC-07
CNA COAL & ALLIED ORDINARY
CNT CENTAMIN EGYPT ORDINARY
COA COATES HIRE LIMITED ORDINARY
COU COUNT FINANCIAL ORDINARY
CSL CSL LIMITED ORDINARY
CSR CSR LIMITED ORDINARY
CTO CITIGOLD CORP LTD ORDINARY
CTY COUNTRY ROAD LIMITED ORDINARY
CWP CEDAR WOODS PROP. ORDINARY
CXC COEUR D'ALENE MINES. CDI 1:1
DMP DOMINO PIZZA ENTERPR ORDINARY
DOW DOWNER EDI LIMITED ORDINARY
DRT DB RREEF TRUST STAPLED UNITS
DUE DUET GROUP STAPLED SECURITIES
DXL DYNO NOBEL LIMITED ORDINARY
EMP EMPEROR MINES ORDINARY
EQI EQUIGOLD NL ORDINARY
EQN EQUINOX MINERALS LTD CHESS DEPOSITARY INT
ERA ENERGY RESOURCES ORDINARY 'A'
FAN FANTASTIC HOLDINGS ORDINARY
FCL FUTURIS CORPORATION ORDINARY
FLX FELIX RESOURCES LTD. ORDINARY
FMG FORTESCUE METALS GRP ORDINARY
FXL FLEXIGROUP LIMITED ORDINARY
FZN FONE ZONE GROUP ORDINARY
GCL GLOUCESTER COAL ORDINARY
GNC GRAINCORP LIMITED A CLASS ORDINARY
GRR GRANGE RESOURCES. ORDINARY
GUD G.U.D. HOLDINGS ORDINARY
HER HERALD RESOURCES ORDINARY
HFA HFA HOLDINGS LIMITED ORDINARY
HGI HENDERSON GROUP PLC CHESS DEPOSITARY INT
HWI HOUSEWARES INTERNAT. ORDINARY
HZN HORIZON OIL LIMITED ORDINARY
IFM INFOMEDIA LTD ORDINARY
IGO INDEPENDENCE GROUP ORDINARY
IIF ING INDUSTRIAL FUND UNITS
IPL INCITEC PIVOT ORDINARY
IRE IRESS MARKET TECH. ORDINARY
IRN INDOPHIL RESOURCES ORDINARY
IVC INVOCARE LIMITED ORDINARY
JBM JUBILEE MINES NL ORDINARY
JST JUST GROUP LIMITED ORDINARY
KAR KAROON GAS AUSTRALIA ORDINARY
KSC K & S CORPORATION ORDINARY
KZL KAGARA LTD ORDINARY
LGL LIHIR GOLD LIMITED. ORDINARY
LNN LION NATHAN LIMITED ORDINARY
LYC LYNAS CORPORATION ORDINARY
MAH MACMAHON HOLDINGS ORDINARY
MBN MIRABELA NICKEL LTD ORDINARY
MCC MACARTHUR COAL ORDINARY
MCR MINCOR RESOURCES NL ORDINARY
MDL MINERAL DEPOSITS ORDINARY
MIN MINERAL RESOURCES. ORDINARY
MLB MELBOURNE IT LIMITED ORDINARY
MLE MACQUARIE LEISURE STAPLED SECURITIES
MLI MINTAILS LIMITED ORDINARY
MLX METALS X LIMITED ORDINARY
MMG MACQUARIE MEDIA STAPED SECURITIES
MND MONADELPHOUS GROUP ORDINARY
MRE MINARA RESOURCES ORDINARY
MYO MYOB LIMITED ORDINARY
NCM NEWCREST MINING ORDINARY
NHC NEW HOPE CORPORATION ORDINARY
NXS NEXUS ENERGY LIMITED ORDINARY
OGC OCEANAGOLD CORP. CHESS DEPOSITARY INT
ORG ORIGIN ENERGY ORDINARY
OXR OXIANA LIMITED ORDINARY
PDN PALADIN ENERGY LTD ORDINARY
PLA PLATINUM AUSTRALIA ORDINARY
PMM PORTMAN LIMITED ORDINARY
PNA PAN AUSTRALIAN RES ORDINARY
PRG PROGRAMMED ORDINARY
PSV PERSEVERANCE CORP ORDINARY
PVE PO VALLEY ENERGY LTD ORDINARY
RDF REDFLEX HOLDINGS ORDINARY
RIO RIO TINTO LIMITED ORDINARY
RIV RIVERSDALE MINING ORDINARY
RSG RESOLUTE MINING ORDINARY
RSP RESOURCE PACIFIC ORDINARY
SBM ST BARBARA LIMITED ORDINARY
SDM SEDGMAN LIMITED ORDINARY
SEK SEEK LIMITED ORDINARY
SEN SENETAS CORPORATION ORDINARY
SGM SIMS GROUP LIMITED. ORDINARY
SGN STW COMMUNICATIONS ORDINARY
SGX SINO GOLD MINING LTD ORDINARY
SLV SYLVANIA RESOURCES ORDINARY
SMY SALLY MALAY MINING ORDINARY
SRV SERVCORP LIMITED ORDINARY
SSM SERVICE STREAM ORDINARY
SST STEAMSHIPS TRADING ORDINARY
STO SANTOS LTD ORDINARY
STV SUNRAYSIA TELEVISION ORDINARY
SUL SUPER CHEAP AUTO GRP ORDINARY
SYB SYMBION HEALTH LTD ORDINARY
TAH TABCORP HOLDINGS LTD ORDINARY
TIM TIMBERCORP LIMITED ORDINARY
TLSCA TELSTRA CORPORATION. INSTALMENT RECEIPTS
TPI TRANSPACIFIC INDUST. ORDINARY
TRS THE REJECT SHOP ORDINARY
TZN TERRAMIN AUSTRALIA. ORDINARY
WAN WEST AUSTRALIAN NEWS ORDINARY
WCB WARRNAMBOOL CHEESE ORDINARY
WES WESFARMERS LIMITED ORDINARY
WPL WOODSIDE PETROLEUM ORDINARY
WSA WESTERN AREAS NL ORDINARY
WVL WINDIMURRA VANADIUM ORDINARY

eieio · 9 March 2008

Hello again Motorway. That B% summary is very impressive. I bought du Plessis' book in anticipation of getting the Updata software, as I have always had a soft spot for P&F. Right now you are certainly demonstrating its versatility - have you had a look at P&F OBV yet?

motorway · 10 March 2008

have you had a look at P&F OBV yet?

Yes ... You can do any chart of any chart..

You are looking for
change in behavior between
Price & volume through time

Divergence and inharmonious behaviour (speed ).

motorway

motorway · 11 March 2008

B%

Is displaying fairly high levels of pessimism
inability to rally on to 50% is very significant

You can not have a sustained bull market with the index below 50%

B% is above the extreme FEAR reading of 6.6%

Though the index itself is nearly at the same level

That is suggestive of an extended bottoming pattern

ie some way from a sustained advance

But the B% is very adaptive ... it reflects the constant coiling of support and resistance.......So it can move quickly esp as resistance and support form apexes .

The Line version can be interpreted just like a stock chart

Price Volume & Time in the context of position..

Selling Climax , Automatic rally , Secondary Test pending...

B% is at 28.2%

motorway

motorway · 12 March 2008

B% can be made has sensitive as one wants it to be

Here is the same 2%

With a B% calculated from a .5% box size ( .5% X 3 reversal charts )

It does not seem to turn any quicker but
does definitely get to 50% quicker

changing from High/low to close would change the behaviour as well.
( could well turn a day earlier )

motorway

motorway · 15 March 2008

%

Is displaying fairly high levels of pessimism
inability to rally on to 50% is very significant

You can not have a sustained bull market with the index below 50%

B% is above the extreme FEAR reading of 6.6%

Though the index itself is nearly at the same level

That is suggestive of an extended bottoming pattern

Update .......

You can see 15/01/00 peeping over the left hand side

You can also see how the behavior (three close spikes below 30)

is significant

motorway

Timmy · 16 March 2008

Motorway, thank-you very much for the posts and detailed charts.

I particularly like this idea ...

motorway said:
the B% ....

The Line version can be interpreted just like a stock chart

...as a complement to the B% P&F putting the B% in line with time/bar charts like this is very useful visually.

lioness · 16 March 2008

motorway said:
Here is the B%
and here are the stocks voting YES atm

took about 5 seconds all up of calculation time

( I had pre buffered already )

motorway

Code Name Long Name
AAC AUSTRALIAN AGRICULT. ORDINARY
AAX AUSENCO LIMITED ORDINARY
ABB ABB GRAIN LIMITED ORDINARY B CLASS
ABC ADELAIDE BRIGHTON ORDINARY
ABY ADITYA BIRLA ORDINARY
AED AED OIL LIMITED ORDINARY
AEU AUSTRALIAN EDUCATION UNITS
AGM ALLEGIANCE MINING ORDINARY
AIM AIM RESOURCES ORDINARY
ALB ALBIDON LIMITED CHESS DEPOSITARY INT
ALS ALESCO CORPORATION ORDINARY
AMC AMCOR LIMITED ORDINARY
AMU AMADEUS ENERGY ORDINARY
ANE AUSPINE LIMITED ORDINARY
ANN ANSELL LIMITED ORDINARY
API AUSTRALIAN PHARM. ORDINARY
AQA AQUILA RESOURCES ORDINARY
ASB AUSTAL LIMITED ORDINARY
AWB AWB LIMITED B CLASS SHARES
AWC ALUMINA LIMITED ORDINARY
AWE AUSTRALIAN WORLDWIDE ORDINARY
AZA ANZON AUSTRALIA LTD ORDINARY
BBW BABCOCK & BROWN WIND STAPLED SECURITIES
BEI BABCOCK & BROWN ENV. ORDINARY
BMN BANNERMAN RESOURCES ORDINARY
BPT BEACH PETROLEUM ORDINARY
BSG BOLNISI GOLD NL ORDINARY
BSL BLUESCOPE STEEL LTD ORDINARY
BTA BIOTA HOLDINGS ORDINARY
BVA BRAVURA SOLUTIONS ORDINARY
CCL COCA-COLA AMATIL ORDINARY
CCP CREDIT CORP GROUP ORDINARY
CDA CODAN LIMITED ORDINARY
CDD CARDNO LIMITED ORDINARY
CDU CUDECO LIMITED ORDINARY
CEY CENTENNIAL COAL ORDINARY
CFU CERAMIC FUEL CELLS ORDINARY
CLOR CLOUGH LIMITED RIGHTS 17-DEC-07
CNA COAL & ALLIED ORDINARY
CNT CENTAMIN EGYPT ORDINARY
COA COATES HIRE LIMITED ORDINARY
COU COUNT FINANCIAL ORDINARY
CSL CSL LIMITED ORDINARY
CSR CSR LIMITED ORDINARY
CTO CITIGOLD CORP LTD ORDINARY
CTY COUNTRY ROAD LIMITED ORDINARY
CWP CEDAR WOODS PROP. ORDINARY
CXC COEUR D'ALENE MINES. CDI 1:1
DMP DOMINO PIZZA ENTERPR ORDINARY
DOW DOWNER EDI LIMITED ORDINARY
DRT DB RREEF TRUST STAPLED UNITS
DUE DUET GROUP STAPLED SECURITIES
DXL DYNO NOBEL LIMITED ORDINARY
EMP EMPEROR MINES ORDINARY
EQI EQUIGOLD NL ORDINARY
EQN EQUINOX MINERALS LTD CHESS DEPOSITARY INT
ERA ENERGY RESOURCES ORDINARY 'A'
FAN FANTASTIC HOLDINGS ORDINARY
FCL FUTURIS CORPORATION ORDINARY
FLX FELIX RESOURCES LTD. ORDINARY
FMG FORTESCUE METALS GRP ORDINARY
FXL FLEXIGROUP LIMITED ORDINARY
FZN FONE ZONE GROUP ORDINARY
GCL GLOUCESTER COAL ORDINARY
GNC GRAINCORP LIMITED A CLASS ORDINARY
GRR GRANGE RESOURCES. ORDINARY
GUD G.U.D. HOLDINGS ORDINARY
HER HERALD RESOURCES ORDINARY
HFA HFA HOLDINGS LIMITED ORDINARY
HGI HENDERSON GROUP PLC CHESS DEPOSITARY INT
HWI HOUSEWARES INTERNAT. ORDINARY
HZN HORIZON OIL LIMITED ORDINARY
IFM INFOMEDIA LTD ORDINARY
IGO INDEPENDENCE GROUP ORDINARY
IIF ING INDUSTRIAL FUND UNITS
IPL INCITEC PIVOT ORDINARY
IRE IRESS MARKET TECH. ORDINARY
IRN INDOPHIL RESOURCES ORDINARY
IVC INVOCARE LIMITED ORDINARY
JBM JUBILEE MINES NL ORDINARY
JST JUST GROUP LIMITED ORDINARY
KAR KAROON GAS AUSTRALIA ORDINARY
KSC K & S CORPORATION ORDINARY
KZL KAGARA LTD ORDINARY
LGL LIHIR GOLD LIMITED. ORDINARY
LNN LION NATHAN LIMITED ORDINARY
LYC LYNAS CORPORATION ORDINARY
MAH MACMAHON HOLDINGS ORDINARY
MBN MIRABELA NICKEL LTD ORDINARY
MCC MACARTHUR COAL ORDINARY
MCR MINCOR RESOURCES NL ORDINARY
MDL MINERAL DEPOSITS ORDINARY
MIN MINERAL RESOURCES. ORDINARY
MLB MELBOURNE IT LIMITED ORDINARY
MLE MACQUARIE LEISURE STAPLED SECURITIES
MLI MINTAILS LIMITED ORDINARY
MLX METALS X LIMITED ORDINARY
MMG MACQUARIE MEDIA STAPED SECURITIES
MND MONADELPHOUS GROUP ORDINARY
MRE MINARA RESOURCES ORDINARY
MYO MYOB LIMITED ORDINARY
NCM NEWCREST MINING ORDINARY
NHC NEW HOPE CORPORATION ORDINARY
NXS NEXUS ENERGY LIMITED ORDINARY
OGC OCEANAGOLD CORP. CHESS DEPOSITARY INT
ORG ORIGIN ENERGY ORDINARY
OXR OXIANA LIMITED ORDINARY
PDN PALADIN ENERGY LTD ORDINARY
PLA PLATINUM AUSTRALIA ORDINARY
PMM PORTMAN LIMITED ORDINARY
PNA PAN AUSTRALIAN RES ORDINARY
PRG PROGRAMMED ORDINARY
PSV PERSEVERANCE CORP ORDINARY
PVE PO VALLEY ENERGY LTD ORDINARY
RDF REDFLEX HOLDINGS ORDINARY
RIO RIO TINTO LIMITED ORDINARY
RIV RIVERSDALE MINING ORDINARY
RSG RESOLUTE MINING ORDINARY
RSP RESOURCE PACIFIC ORDINARY
SBM ST BARBARA LIMITED ORDINARY
SDM SEDGMAN LIMITED ORDINARY
SEK SEEK LIMITED ORDINARY
SEN SENETAS CORPORATION ORDINARY
SGM SIMS GROUP LIMITED. ORDINARY
SGN STW COMMUNICATIONS ORDINARY
SGX SINO GOLD MINING LTD ORDINARY
SLV SYLVANIA RESOURCES ORDINARY
SMY SALLY MALAY MINING ORDINARY
SRV SERVCORP LIMITED ORDINARY
SSM SERVICE STREAM ORDINARY
SST STEAMSHIPS TRADING ORDINARY
STO SANTOS LTD ORDINARY
STV SUNRAYSIA TELEVISION ORDINARY
SUL SUPER CHEAP AUTO GRP ORDINARY
SYB SYMBION HEALTH LTD ORDINARY
TAH TABCORP HOLDINGS LTD ORDINARY
TIM TIMBERCORP LIMITED ORDINARY
TLSCA TELSTRA CORPORATION. INSTALMENT RECEIPTS
TPI TRANSPACIFIC INDUST. ORDINARY
TRS THE REJECT SHOP ORDINARY
TZN TERRAMIN AUSTRALIA. ORDINARY
WAN WEST AUSTRALIAN NEWS ORDINARY
WCB WARRNAMBOOL CHEESE ORDINARY
WES WESFARMERS LIMITED ORDINARY
WPL WOODSIDE PETROLEUM ORDINARY
WSA WESTERN AREAS NL ORDINARY
WVL WINDIMURRA VANADIUM ORDINARY

Motorway, you missed EXT which is impossible to be off your list as it has beaten 97% of all stocks on the market on percentage gains.

Can you check that code and have another look at it for me please.

I think you are wrong on this one.

eieio · 16 March 2008

EXT is not yet a component of the All Ordinaries I'm afraid. Maybe real soon now though

lioness · 16 March 2008

eieio said:
EXT is not yet a component of the All Ordinaries I'm afraid. Maybe real soon now though

Oh, sorry about that Motorway and thanks eieio for pointing that out.

As you say, soon it will be re-rated.

Cheers.:

motorway · 17 March 2008

Can you check that code and have another look at it for me please.

lioness

If EXT was in the ALL ORDS

It would still be a no vote as regards the B%

Here is EXT's 2%x3 P&F chart.........

Analogies are useful

Think of the chart as a coiling serpent
it coils in order to generate thrust..

The "head" is constantly seeking
support and resistance

propelled by demand and supply
and generating demand and supply

EXT was on a simple "buy signal" ( I do not favor that name ) in February
But since March the last signal is a simple "sell"

support and resistance are coiling closer

rising bottoms and a ceiling top..

.................................

A Bottom is in a sense not a place but a process
A process that unfolds and is found

B% has moved up from ~20% to 24.3%

The EXT chart shows how quickly
readings could change.

To get to 50% for example the index hardly needs to change in terms of points.
But only the position of the last price of each stock
in relation to the "last points" of the coils of support and resistance.

eg as seen in EXT

motorway

lioness · 18 March 2008

Motorway,

Thanks for the analysis on EXT, obviously things can change quickly if a positive announcement came out for example.

But at the moment, you are saying it is a sell in March, is that correct?

Also on your charts, it looks like support and resistance are coming to a head which means it either breaks up or down. Is this understanding correct???

Timmy · 18 March 2008

Motorway,

the B% calculation on a straight break of a top/bottom ... is there a way to incorporate an assessment of 'position' into the calculation ... such that a break after a coil is differentiated from a break after a long column and small reversal ... probably I am being too mechanical, but just a thought/question?

motorway · 18 March 2008

Timmy said:
Motorway,

the B% calculation on a straight break of a top/bottom ... is there a way to incorporate an assessment of 'position' into the calculation ... such that a break after a coil is differentiated from a break after a long column and small reversal ... probably I am being too mechanical, but just a thought/question?

Position is such an important factor

because you need to know
If you are coming or going

The B% is in a sense a measure of risk close to the right hand side of the chart..

It is also a measure of position in terms of risk ( and hence opportunity )
It asks is there support or resistance NOW..

A stock does not fall through support
if it is falling, There is no support..

Watching the B% unfold from before the market top
Has increased my respect for it's simplicity

eg Last few days Property and financials are making a presence

( does not mean they are a buy, But they have found some support while other stocks have lost it........ROTATION )

B% gets over 70% and money becomes tight......RUN FOR THE HILLS
B% gets under 30% .....WAIT FOR THE BOTTOM

There is a lack of money at both extremes for different reasons..

We can then do other scans for POSTION

eg ( EXAMPLE ONLY )
P&F buy signal ( for these troubled times above two X columns )
+ above 45 degree trend line + vertical objective 3 times higher than support point )

Code Name Long Name
AGM ALLEGIANCE MINING ORDINARY
AMU AMADEUS ENERGY ORDINARY
ANN ANSELL LIMITED ORDINARY
AQA AQUILA RESOURCES ORDINARY
ASB AUSTAL LIMITED ORDINARY
AZA ANZON AUSTRALIA LTD ORDINARY
CNA COAL & ALLIED ORDINARY
DMP DOMINO PIZZA ENTERPR ORDINARY
DXL DYNO NOBEL LIMITED ORDINARY
ERA ENERGY RESOURCES ORDINARY 'A'
JBM JUBILEE MINES NL ORDINARY
LGL LIHIR GOLD LIMITED. ORDINARY
LYC LYNAS CORPORATION ORDINARY
MBN MIRABELA NICKEL LTD ORDINARY
MLE MACQUARIE LEISURE STAPLED SECURITIES
NCM NEWCREST MINING ORDINARY
PSD PSIVIDA LIMITED ORDINARY
RSP RESOURCE PACIFIC ORDINARY
SSM SERVICE STREAM ORDINARY
STV SUNRAYSIA TELEVISION ORDINARY
TPI TRANSPACIFIC INDUST. ORDINARY

small list

motorway

PS B% is not much changed ( Just different Delegates voting )

motorway · 21 March 2008

ABP,ABACUS PROPERTY GRP. UNITS/ORD STAPLED,1,1,1,3,3,
AGM,ALLEGIANCE MINING ORDINARY,1,1,1,3,3,
AIX,AUSTRALIAN INFRASTR. UNITS/ORDINARY,1,1,1,3,3,
ALZ,AUSTRALAND PROPERTY STAPLED SECURITY,1,1,1,3,3,
AMP,AMP LIMITED ORDINARY,1,1,1,3,3,
ANE,AUSPINE LIMITED ORDINARY,1,1,1,3,3,
ANZ,ANZ BANKING GRP LTD ORDINARY,1,1,1,3,3,
ASB,AUSTAL LIMITED ORDINARY,1,1,1,3,3,
AUN,AUSTAR UNITED ORDINARY,1,1,1,3,3,
AVO,AVOCA RESOURCES ORDINARY,1,1,1,3,3,

AXQ,ALLCO MAX SECURITIES UNITS,1,1,1,3,3,
BBC,BABCOCK & BROWN COMM ORD/UNIT STAPLED SEC,1,1,1,3,3,
BBI,BABCOCK & BROWN INFR STAPLED SECURITIES,1,1,1,3,3,
BBW,BABCOCK & BROWN WIND STAPLED SECURITIES,1,1,1,3,3,
BEI,BABCOCK & BROWN ENV. ORDINARY,1,1,1,3,3,
BGD,BOULDER STEEL ORDINARY,1,1,1,3,3,
BKN,BRADKEN LIMITED ORDINARY,1,1,1,3,3,
BOQ,BANK OF QUEENSLAND. ORDINARY,1,1,1,3,3,
BSG,BOLNISI GOLD NL ORDINARY,1,1,1,3,3,
BTA,BIOTA HOLDINGS ORDINARY,1,1,1,3,3,

CAA,CAPRAL ALUMINIUM ORDINARY,1,1,1,3,3,
CFX,CFS RETAIL PROPERTY UNITS,1,1,1,3,3,
CGF,CHALLENGER F.S.G.LTD ORDINARY,1,1,1,3,3,
CIF,CHALLENGER INFRAST. A STAPLED UNITS,1,1,1,3,3,
CLOR,CLOUGH LIMITED RIGHTS 17-DEC-07,1,1,1,3,3,
CNA,COAL & ALLIED ORDINARY,1,1,1,3,3,
COA,COATES HIRE LIMITED ORDINARY,1,1,1,3,3,
CPA,COMMONWEALTH PROP ORDINARY UNITS,1,1,1,3,3,
CPK,CP1 LIMITED ORDINARY,1,1,1,3,3,
CPU,COMPUTERSHARE LTD ORDINARY,1,1,1,3,3,

CTY,COUNTRY ROAD LIMITED ORDINARY,1,1,1,3,3,
CUV,CLINUVEL PHARMACEUT. ORDINARY,1,1,1,3,3,
CXP,CORPORATE EXPRESS ORDINARY,1,1,1,3,3,
DMP,DOMINO PIZZA ENTERPR ORDINARY,1,1,1,3,3,
DOW,DOWNER EDI LIMITED ORDINARY,1,1,1,3,3,
DXL,DYNO NOBEL LIMITED ORDINARY,1,1,1,3,3,
EQI,EQUIGOLD NL ORDINARY,1,1,1,3,3,
EWC,ENERGY WORLD CORPOR. ORDINARY,1,1,1,3,3,
GAA,GENEPHARM AUSTRALAS. ORDINARY,1,1,1,3,3,
GCL,GLOUCESTER COAL ORDINARY,1,1,1,3,3,

GDY,GEODYNAMICS LIMITED ORDINARY,1,1,1,3,3,
GMG,GOODMAN GROUP STAPLED SECURITIES,1,1,1,3,3,
GPT,GPT GROUP STAPLED SEC.,1,1,1,3,3,
GWT,GWA INTERNATIONAL ORDINARY,1,1,1,3,3,
HDF,HASTINGS DIVERSIFIED STAPLED SECURITY,1,1,1,3,3,
HST,HASTIE GROUP LIMITED ORDINARY,1,1,1,3,3,
ILU,ILUKA RESOURCES ORDINARY,1,1,1,3,3,
IPN,INDEPENDENT PRAC. ORDINARY,1,1,1,3,3,
KCN,KINGSGATE CONSOLID. ORDINARY,1,1,1,3,3,
KSC,K & S CORPORATION ORDINARY,1,1,1,3,3,

LEP,ALE PROPERTY GROUP STAPLED SECURITIES,1,1,1,3,3,
LST,LION SELECTION ORDINARY,1,1,1,3,3,
MAE,MARION ENERGY ORDINARY,1,1,1,3,3,
MFI,MARINER FINANCIAL ORDINARY,1,1,1,3,3,
MIS,MIDWEST CORPORATION ORDINARY,1,1,1,3,3,
NAB,NATIONAL AUST. BANK ORDINARY,1,1,1,3,3,
OSH,OIL SEARCH LTD ORDINARY,1,1,1,3,3,
PBD,PORT BOUVARD LIMITED ORDINARY,1,1,1,3,3,
PPX,PAPERLINX LIMITED ORDINARY,1,1,1,3,3,
PRG,PROGRAMMED ORDINARY,1,1,1,3,3,

PSV,PERSEVERANCE CORP ORDINARY,1,1,1,3,3,
PVE,PO VALLEY ENERGY LTD ORDINARY,1,1,1,3,3,
QBE,QBE INSURANCE GROUP ORDINARY,1,1,1,3,3,
REA,REALESTATE.COM.AU ORDINARY,1,1,1,3,3,
REF,REVERSE CORP LIMITED ORDINARY,1,1,1,3,3,
RMD,RESMED INC CDI 10:1,1,1,1,3,3,
RRT,RECORD REALTY ORDINARY UNITS,1,1,1,3,3,
RSP,RESOURCE PACIFIC ORDINARY,1,1,1,3,3,
SAI,SAI GLOBAL LIMITED ORDINARY,1,1,1,3,3,
SDL,SUNDANCE RESOURCES ORDINARY,1,1,1,3,3,

SGB,ST GEORGE BANK ORDINARY,1,1,1,3,3,
SGN,STW COMMUNICATIONS ORDINARY,1,1,1,3,3,
SRX,SIRTEX MEDICAL ORDINARY,1,1,1,3,3,
SST,STEAMSHIPS TRADING ORDINARY,1,1,1,3,3,
STO,SANTOS LTD ORDINARY,1,1,1,3,3,
STV,SUNRAYSIA TELEVISION ORDINARY,1,1,1,3,3,
TNE,TECHNOLOGY ONE ORDINARY,1,1,1,3,3,
TSI,TRANSFIELD INFRASTR. STAPLED SECURITIES,1,1,1,3,3,
UGL,UNITED GROUP.LIMITED ORDINARY,1,1,1,3,3,
WBC,WESTPAC BANKING CORP ORDINARY,1,1,1,3,3,

WTF,WOTIF.COM HOLDINGS ORDINARY,1,1,1,3,3,
WTP,WATPAC LIMITED ORDINARY,1,1,1,3,3,
WVL,WINDIMURRA VANADIUM ORDINARY,1,1,1,3,3,

B% readings all moved higher

2% 1% & .5%

The list of stocks above are the 83 stocks that have as their last P&F signal
A "buy signal" on all three filter percentages

ie 2%x3..........1%x3...........0.5%x3

being "bullish" on one list does not qualify a stock for being on the other two.

The index went down on very high volume
But the B% ( the number of "bullish" ) stocks increased

The index did not make "new low ground"

The Bullish percents however did make new high ground

motorway

josjes · 21 March 2008

motorway said:
B% readings all moved higher

2% 1% & .5%

The list of stocks above are the 83 stocks that have as their last P&F signal
A "buy signal" on all three filter percentages

ie 2%x3..........1%x3...........0.5%x3

being "bullish" on one list does not qualify a stock for being on the other two.

The index went down on very high volume
But the B% ( the number of "bullish" ) stocks increased

The index did not make "new low ground"

The Bullish percents however did make new high ground

motorway

I take this as a tentative good sign for the bull

Question:
1. your 18 March list include LGL, NCM, WPL but not in Today's list, does this mean that they are in the sell signal list?

2.
being "bullish" on one list does not qualify a stock for being on the other two. Can you please explain further on this ? are you referring that being in the 2%x3 does not qualify being on the 1%x3 ? If so how do you tell which stock is in which list of %B ? and why ?

motorway · 21 March 2008

josjes said:
I take this as a tentative good sign for the bull

Question:
1. your 18 March list include LGL, NCM, WPL but not in Today's list, does this mean that they are in the sell signal list?

2.
being "bullish" on one list does not qualify a stock for being on the other two. Can you please explain further on this ? are you referring that being in the 2%x3 does not qualify being on the 1%x3 ? If so how do you tell which stock is in which list of %B ? and why ?

1... It means their charts are no longer "bullish" on at all three filters

Trends in the mkt are sustained by rotation between sectors and stocks..

There are 193 stocks "bullish" on at least one of the charts
But only 83 "bullish" on all three .

A stock might be "B" on the 2%x3 but "bearish" on the .5% chart
or a stock could be "bullish" on the .05% and bearish on the 2%

only 83 are bullish on all three close of Thursday..

It is a very good sign...The negative sentiment measured has been DIRE

it is all DOOM... The most negative in maybe two decades at least.

However

The 2%B% is close to making a very significant reversal formation

( could come next week maybe Tuesday )

That would maybe signal the end of winter and the beginning of spring..

ie A very immature and infantile Bull.... So you don't want to buy a sickly or weak stock.... But one ready to go up ( Spring can be still dangerous )

There is continuous ROTATION.... With some stocks always getting ready to lead .

some on this list are very beaten down
some have been strong

You would need to do more analysis..

Here is one very beaten down
here is one of the banks

both are on the list ( which is just a starting point )

2... WPL is not bullish on the .5% and 1%
But still is on the 2%

motorway

josjes · 21 March 2008

motorway said:
1... It means their charts are no longer "bullish" on at all three filters

Trends in the mkt are sustained by rotation between sectors and stocks..

There are 193 stocks "bullish" on at least one of the charts
But only 83 "bullish" on all three .

A stock might be "B" on the 2%x3 but "bearish" on the .5% chart
or a stock could be "bullish" on the .05% and bearish on the 2%

only 83 are bullish on all three close of Thursday..

It is a very good sign...The negative sentiment measured has been DIRE

it is all DOOM... The most negative in maybe two decades at least.

However

The 2%B% is close to making a very significant reversal formation

( could come next week maybe Tuesday )

That would maybe signal the end of winter and the beginning of spring..

ie A very immature and infantile Bull.... So you don't want to buy a sickly or weak stock.... But one ready to go up ( Spring can be still dangerous )

There is continuous ROTATION.... With some stocks always getting ready to lead .

some on this list are very beaten down
some have been strong

You would need to do more analysis..

Here is one very beaten down
here is one of the banks

both are on the list ( which is just a starting point )

2... WPL is not bullish on the .5% and 1%
But still is on the 2%

motorway

Thank you Motorway. I am getting more impressed on your method. Would you care to point out how I am able to get this B% software ? It would be a tremendous help for a medium-long term asset allocation. For a start, it would be excellent tool to decide when to be in defensive mode, move from shares to cash and vice versa into offensive mode. And which sector to get on board when the overall B% market making a turn signal to spring. As an interest also, does this tool able to forewarn the overall market trend change back in November-December last year of the imminent bear market down turn ? If so can you post the graph too ? Or has it been posted before ?

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