Replies to post #105564 on Zeev's Turnips Patch-No Politics (ZEEV)

[baletwine]

"To be safe that a top is in, you may want to wait for the BPCOMPQ to cross its 14 day's moving average, of course, that may be a solid 50 Naz points or so from the top (g)."

Here's an interesting chart of just that idea....

-- Bale

[ajtj99]

Actually, I've found the BPNDX is probably a better early warning topping and reversal indicator when it crosses its 20EMA. That usually signals a reversal. A cross of the 13-EMA is a prelude and tells you something's up.

I do think the put/call is not letting this be a sustainable top (meaning we'll be baack, kind of like Arnold says).

[ajtj99]

Actually, I just checked and the 14SMA seems to work better than the 20-EMA and with fewer whipsaws than the 13-EMA on the BPCOMP chart. Nice.