who let the xjo thread down friday?, page-41

In my earlier post today, I noted the discrepancy in the New Highs (up last night) with the Indices (down big last night). And I wondered if this wasn't evidence of buying in the "background"; i.e., the big down day on volume hid some solid buying.

Well, here's a little more evidence. The Bullish Percent Index for the SP500 was also up last night. Something's not right here. Something is wrong. Which one?

It might take a couple of days for this to resolve.

(Bullish Percent Index is a breadth indicator derived from the percentage of stocks on PnF buy signals.)

Here's the BPSPX chart:

Redbacka