Zeev: I don't recall any whipsaw the past few years with this measure. Maybe a double top whip. Anyway, the 20 needs to be taken out here on the bpndx. It has not happened yet. Interesting the 13 cross happened on an up day.
I think BPCOMP is a better indicator than BPNDX due to the principle of "junk flies at the top"
I'm not syaing that NDX doesn't contain any junk <g> but the comp has hundreds if not thousands of tiny cap companies whereas NDX is almost all large cap
The flying junk brings BPCOMP to high levels but once the small cap rally has stalled, look out below - and BPCOMP is oftent he first to spot it
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