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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: Justa Werkenstiff who wrote (39298)3/8/2002 7:46:12 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 99280
 
Justa,
A comment on the BP definition. 70% is used as the overbought level, however, as stockcharts calculates the numbers, some BPs haven't gone to 70% in a long time. The BPCOMPQ is a good example. I find that it is best to use past extreme levels as the guideline rather than the official definition.
JXM