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With this weeks data set, Technical Watch will now include an overall grading scale in an effort to give a broader Environmental Trading Signal (whether the market is friendly or hostile) based on what these breadth and price charts represent. Grades will be based on the total sum of each individual charts current configurations - bullish or bearish - primarily on an intermediate term basis. For example, 19 of 20 charts are in bullish configurations this week which gives us an ETS of 95%. This cumulative percentage then would be graded as a strong buy.

The grading scale will be as follows:

90% to 100% = Strong Buy
80% to 90% = Buy
70% to 80% = Hold with a bullish bias
60% to 70% = Hold with protective bearish stops (below market)
45% to 55% = Neutral
30% to 40% = Hold with protective bullish stops (above market)
20% to 30% = Hold with a bearish bias
10% to 20% = Sell
00% to 10% = Strong Sell

Any feedback in this effort as to it being beneficial, or any refinements, would be greatly appreciated.


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