One thing though Jorj, just like the BP charts sometimes can stay high for 2-3 months, they can also stay low for months, IMO.
Dale, I think the BPs can stay in the lower half of their ranges for a while, or bounce in and out of them, but I don't see much evidence that they ever spend much time going sideways at the low ends of their ranges. Of course, the fact that all the BP charts available to me are mostly from the bull market my skew things.
Take a look at these, or at least a few, and tell me what you think.
stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280601,Y]&listNum=7
stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280602,Y]&listNum=7
stockcharts.com[g,a]dbclynay[d19900101,20020728][p][J5280603,Y]&listNum=7
stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280604,Y]&listNum=7
stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280605,Y]&listNum=7
stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280606,Y]&listNum=7
stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280607,Y]&listNum=7
stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280608,Y]&listNum=7
stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280609,Y]&listNum=7
stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280610,Y]&listNum=7
stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280611,Y]&listNum=7
stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280612,Y]&listNum=7
stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280613,Y]&listNum=7
stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280614,Y]&listNum=7
stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280615,Y]&listNum=7 |
