2 things I noticed.
1.) It seems that another good entry point may be when the line retests the 150. Looks to me like in most cases when a cross happens and the line moves higher the line eventually comes back to retest the trigger line (150) again. I think this is a good thing to look at when you are looking to add to a position.
2.) I do feel however that the first cross of the line is very lagging. For example the bottom happened in March 2009 and this indicator doesn't show the beginning of the bull phase until July. Thats 4 months behind the turn and lots of profit left on the table.
I commend your work! Like I said I think this a great tool if we use it as a secondary look when the line retests the 150. This will be great for adding to positions.
Yes, you are right. This should be used as a secondary tool to provide overall market perspective and should not be used as market timing tool for entry/exit.
1. Typically, every time when trend changes, usually a retest almost always happens.
2. Do not mistake this as a market timing tool. Bottom may have happened in March 2009 but the trend change only happened when new trend formation is outside the OLD trend range. This happened only in June/July 2009 and can also be considered as Trend confirmation.
For entry/exit market timing, we use BPNYA Index as our primary tool.
can I make a suggestion? I know you may not have time to post bpnya everyday but maybe there is a way to have it automatically post onto your blog here daily?
I visit your blog everyday and it would be nice if on each visit I could just see the bpnya chart for the day.
Maybe you could have it posted automatically each day after the close? I'm not asking for commentary everyday. Its very easy to follow. I just think it would be a nice touch!
Read here for details.
Benefit From Bear Market
Bpnya Above 70
Bpnya Above 70
Bpnya Current Chart
Comm. Free Etfs
Funds Ranking File
Funds Ranking Sheet
Trade Mutual Funds