JJ & Justa, I agree, the BPCOMPQ has to crash from here, because, historically speaking, it's still at an insane level. Take a look at these monthly and weekly charts -- especially the stochastics.
stockcharts.com[e,a]whclyyay[df][pb13!d21,2!b34!b55!b89!b144][vc60][iLh5,5!Li10,10!Lp14,3,3!La8,17,9!Le5,10,1!Ll14!Lb14][J4124766,Y]&pref=G
stockcharts.com[e,a]mhclyyay[df][pb13!d21,2!b34!b55!b89!b144][vc60][iLh5,5!Li10,10!Lp14,3,3!La8,17,9!Le5,10,1!Ll14!Lb14][J4124766,Y]&pref=G
Then take a look at the BPNDX monthly and weekly:
stockcharts.com[e,a]mhcayyay[df][pb13!d21,2!b34!b55!b89!b144][vc60][iLh5,5!Li10,10!Lp14,3,3!La8,17,9]&pref=G
stockcharts.com[e,a]whcayyay[df][pb13!d21,2!b34!b55!b89!b144][vc60][iLh5,5!Li10,10!Lp14,3,3!La8,17,9]&pref=G
This suggests one of two things, IMHO. Either the BPCOMQ & BPNDX no longer exist in the same universe and, therefore, everything is fine and dandy. Or, the BPCOMPQ, (and, therefore, the COMP itself), has a long way to fall from here. |
