MG, That was a lot to chew on.
As I remember, F sold a financial subsidiary and the gains are buried in CY EPS. The current PE is not real. I look at position trading as a casino; the trick is to not sit there too long and give all the gains back to the house. But, we are at one of those critical round numbers.
I've asked James Hopkins on the BK thread for a link to the composition of the HFX.X. It's one of those he likes to follow. I see a down trend line to just under 400 and an up trend coming up to about 392? Severe resistance at 400, and quickly approaching an apex. Going to be interesting very soon.
I look at the financials (i.e., TRV) and just shake my head. It's hard to believe its taken the hit it has. And the brokers, whoa! The regionals are back where they started last November. I just keep waiting to see some life in their stock. It's been a long wait. I just don't believe this market will go up without the financials participating.
I've always had trouble with the FA on LU. I just cannot get away from the PE. I got a couple of friends that have been very happy with their CSCO positions. However, I have a real problem with parabolic charts. It won't stay so far above its channel forever. Ah, I think!
Don't know any easy way to build an index, other than treating it like a portfolio like you do with the webs. But, I'm sure you're talking about being able to perform TA on it. Hopefully, a visitor will provide some help.
Berney |
