I think all the people that are so fixated on this BP are not correct and have been worng all along...
the true use of any BP is based on "ALL" the BP's together...the 3 main BP's are the NYSE-OTC & OPTI..they are ALL in X's and moving higher and higher..they have NOT given a sell signal
in fact neither has the short term indicators..so people that are trying to twist P&F to their own liking have missed this entire run again...
when the BP NDX and SPX reversed down a few weeks ago we ALL took notice..BUT the 3 big boys went nowhere and neither did the other short term indicators..
so large errors in judgement have been made because of hard bias toward the short side, not believing this latest move up..even i was cautious too..and really for no good reason...
those that "LEAN" or anticipate, make jokes about what will happen, or could happen, just are very sorry traders, as they miserably missed this train from the beginning.
what is so astonishing to me is they still continue to repeat the same mantra over and over again and again...it's really so dumb...and ujseless drivel...you cannot trade what they say...
the bottom line is this..when the indicaotrs turn down and the market begins to correct they will "Finally" be right..but who cares by then...
i would completely elliminate the BPCOMPX...the true NAZDAQ BP is the OTC on Dorsey Wright Site..Not stockcharts.com...
also i would remind all you so called P&F gurus here...the BPNDX is very volatile and can change on a dime...
good luck...
jerry
ps: we are at above nosebleed territory here on all BP's..does not mean anything yet...and this is JULY folks..they've been looking for a disaster for months????
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