tuesday's road map, page-2

"The Bullish Percent Index (BPI) is a breadth indicator based on the number of stocks on Point & Figure buy signals within an index. Developed by Abe Cohen in the mid 1950s, the Bullish Percent Index was originally applied to NYSE stocks. Cohen was the first editor of ChartCraft, which later became Investors Intelligence. BPI signals were further refined by Earl Blumenthal in the mid 70's and Mike Burke in the early 80's. Because a stock is either on a P&F buy or sell signal, there is no ambiguity when it comes to P&F charts. This makes BPI a straightforward indicator with clearly defined signals. This article will cover six different Bullish Percent Index signals derived from Point & Figure charts: bull/bear confirmed, bull/bear alerts and bull/bear correction."

Recent highs in this index:

Feb 2011 - 89.2 (rally topped May 2011)
Oct 2011 - 77.8 (the effect of the record breaking charge from October low)
Feb 2012 - 85.4 (rally topped on 2/4/12)
Sept 2012 - 79.4 (the week AFTER the high was made)

Presently at 78.4. So we are in the territory for a high now.