Bullish percent, Bullish % or % Bull Trends

Bullish percent, Bullish % or % Bull Trends – every point & figure stock chart has either a buy or a sell signal. This is a major advantage to technical analysis and is entirely mechanical.

The bullish % is the number of stocks on “buy” signals compared to the total for the groups. When most stocks are on sell signals, the bullish % is low. It is a positive sign when the bull % begins to improve. It is negative when the bull % turns down from highs.

We also consider whether the P&F chart is in an up or down column. If the bullish % is on a P&F buy signal and in an up column, it is long term and short term bullish. If the P&F chart is on a buy signal and in a down column, it is long term bullish, but short term bearish. If the P&F chart is on a sell signal and in a down column, it is long and short term bearish. If the P&F chart is on a sell signal and in an up column, it is long term bearish, but short term bullish.

This is one of the features I like best with Bull's-Eye Broker Point and figure charting software. It let's me calculate Bullish Percent on any portfolio, as well as on any of the indexes like NYSE, or SP500.

Point and figure book

THE POINT AND FIGURE METHOD
OF ANTICIPATING STOCK PRICE MOVEMENTS

by

Victor DeVilliers
And
Owen Taylor

This book is available for free at http://book.pointandfigure.com

It was highly recommended in Your Trading Edge magazine by Dawn Bolton-Smith, who has more than 40 years of experience in the stock market.