AI
Monday, March 22, 2004 2:28:15 PM
"All I can say is we are close, but any model that relies on a single parameter to determine local lows, fails, we have had false call from low P/C (even virgin one) ratios as well as high one. "
Agree. My point was it was finally starting to get high enough, long enough that the 10 DMA could be signaling that a bottom was not far off. If it goes above 1.0 and starts to roll over... might match up with a bottom. Something to watch if nothing else.
The BPNNX turning up has been a good secondary indicator:
![](http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$bpndx,uu[w,a]dalaynay[df][pc20!a50!a30!f]")
&r=5724>
in edit below
My fav seems to have a bottom in already
&r=6097>
but I'll look to add to others I hold if we get more signs at better prices.
Agree. My point was it was finally starting to get high enough, long enough that the 10 DMA could be signaling that a bottom was not far off. If it goes above 1.0 and starts to roll over... might match up with a bottom. Something to watch if nothing else.
The BPNNX turning up has been a good secondary indicator:
in edit below
My fav seems to have a bottom in already
but I'll look to add to others I hold if we get more signs at better prices.
Kirk out
#board-1574
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
