Intermediate Term Indicators Used in Point and Figure Charting

by | Dec 19, 2012 | Podcasts, Point and Figure

Tom and Brendan continue their series this week by moving on from last week’s topic of long term indicators. This week’s Mullooly Asset Management podcast focuses on intermediate term indicators. Chances are if you have a 401k account at work or a personal portfolio, that intermediate term indicators apply mostly to you. They allow for a nice medium between long and short term indicators. Long term indicators can get you out of the market when things are already on the decline sometimes. Pull backs can be 10-12% and that can definitely hurt you, which is why it is tough to be a long term investor these days. On the flip side, short term indicators are used more for entry and exit points in the market. Daily traders might also be more interested in the short term, but that is not the goal at Mullooly Asset. For our purposes, the intermediate term works best.

We spoke last Intermediate Term Indicators: Important to 401k accountsweek about three different indicators used in the long term. There are also a handful of indicators used for the intermediate term. These intermediate term indicators all have one thing in common, they are all bullish percent charts. Bullish percent charts are another topic we have previously discussed in our weekly podcasts. For the purposes of the intermediate term, we look at the bullish percent charts for things like equity mutual funds, world markets, and optionable stocks. Equity mutual funds also came up last week when we spoke about indicators, and you can learn in the podcast how they can be both a long and intermediate term indicator. Other indicators we look at are the OTC market and the New York Stock Exchange. Keep in mind, this means the bullish percent charts for each of these things. Last but not least, we look at the bullish percent of all equities, which gives a more global view of things.

These charts are all showing the bullish percent of their respective field. This means that even though they are showing X’s and O’s, we may not necessarily be looking for the same signals that we usually would. However, we DO look for what column the bullish percent chart is in. Whether the chart is on a buy signal or a sell signal is really important too.

Intermediate term indicators are important to people with personal portfolios or 401k accounts at work, so if this applies to you, we think you should tune into this week’s podcast. There is a lot to learn!

You can download this week’s Mullooly Asset Management podcast for free on iTunes!

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