[isatrader]

Agree with you, Isa, also looking at the 50D and 150D to have the full picture. This adds momentum to grbaNT's survey

By the way, I'm not monitoring the 200D. Does it really bring something to the table when you already have the 150 at hand?

Definitely as it's a more long term indicator and less frequently gets below the 50% level than the 150 day does, and only really gets below 40% when the market is in Stage 4, but it should also be combined with the NYSE Bullish Percent Index, which is considered the head coach for long term moves using the signals based on the definitions created by investors intelligence. i.e. Bull Confirmed, Bull Correction, Bull Alert, Bear Confirmed, Bear Correction, Bear Alert and Bull Top. For example the NYSE Bullish Percent Index currently remains on Bear Correction status, and would need to make a P&F double top breakout above the 60% level to move back to Bull Confirmed or drop below 48% to move to Bear Confirmed status.