Posted by timebandit on 3rd of Jan 2021 at 10:57 am
Long-term view of $BPCOMPQ. It appears to be topping now very
near the all-time high hit 17 years ago in 2003/4. Bigger context
is that back then this was closer to the beginning than the end of
a strong bull market. Note that the first peak of $BPCOMPQ in 2003
did not mark the short-term high in the $COMPQ index. The second
peak at beginning of 2004 with divergence on MACD and
StochRSI did. There was then a sideways consolidation for the next
year to 18 months. No guarantee that happens now, Just helps us
stay open to the possibility. Divergences are also interesting
across the $BPCOMPQ, MACD, and StochRSI.
Long-term view of $BPCOMPQ. It
Posted by timebandit on 3rd of Jan 2021 at 10:57 am
Long-term view of $BPCOMPQ. It appears to be topping now very near the all-time high hit 17 years ago in 2003/4. Bigger context is that back then this was closer to the beginning than the end of a strong bull market. Note that the first peak of $BPCOMPQ in 2003 did not mark the short-term high in the $COMPQ index. The second peak at beginning of 2004 with divergence on MACD and StochRSI did. There was then a sideways consolidation for the next year to 18 months. No guarantee that happens now, Just helps us stay open to the possibility. Divergences are also interesting across the $BPCOMPQ, MACD, and StochRSI.
$BPCOMPQ Chart