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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Rich1 who wrote (30762)2/18/2002 2:04:11 PM
From: ajtj99  Read Replies (3) of 99280
 
Rich, here's some BP's from Vess. He uses the 20-day EMA, which gives a better signal, but it's a bit later in the event.

clearstation.etrade.com

Notice the SP telecom index. The raw BP number is around 10, but it is still not a buy according to the crossover.

That's why it is best to use the $BP indexes with a 13-day EMA or 20-day EMA to get a true reading on where the index is going.
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