Berney; RE:" personal indices "
>That is really neat to be able to create your own "composite".
Can you then use the technical indicators on your creation ?
For the 10 TechSpaetzles composite, the correlation is almost perfect with MSH.X and NDX.X, though stronger.
For the retail stocks, same story; correlates with RLX.X, stronger.
For the drug stocks, same; correlates with DRG.X, stronger.
The EuroTELs move with their respective markets, but are WAY stronger.
So, interesting exercise, but most useful to give a graphical measure of your portfolio, rather than as an indicator.
It's easier (and more useful) to run the T/A stuff on sector indices and individual stocks.
BTW, Suggest that whenever you do a F/A table, add % kapital gain for last 50 weeks (SI comparo chart is quick-and-dirty way to get this) to all the other measures - to give the data more perspective.
-Steve
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