Zeev I do not know about EXPE. But I do know about "Theory of Runs" in probability.
Looking back from today it is easy to see that a stop should have been taken on BRCM at a much lower price.
But we only have Today and forward to play with. The recent market action to the upside can be explained by the "Theory of Runs". IMHO.
Also, a stat study, which is in my file, indicates that a rapid rise like "Mar 12, 2003 to present" has a high probability of being followed by a rapid decline to at least the 50% retracement mark.
No! I have not lost my mind(g) A reasonable retrace of $BPCOMPQ to 45 remains a high probability.IMHO.