Drillbits & Bottlerockets Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Drillbits & Bottlerockets

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jorj X Mckie who wrote (4653)	2/27/2001 3:31:31 PM
From: Rich1	Read Replies (1) of 15481

Trapped is that what we call it???LOL DWA had an article today about RS I am going to post it for the thread pretty right on.. Weekly Relative Strength Changes This week there were more relative strength sell signals than buy signals and more relative strength reversals down than reversals up. The buy signals and reversals up continue to be mostly in non-technology sectors while the sell signals and reversals down are in the technology sectors. As the large cap, very visible name continue to struggle on a relative strength basis but the average stock does well could very well mean we see a bull market in stocks and a bear market in the indices. Therefore, stock selection remains very important. Also one about sectors... It was a big down week in the momentum calculations. The NYSE chart fell 16% and is now at 32% near oversold levels. The OTC chart continued lower and was down 22%. That chart is also at 32%. All sector calculations were to the downside with only one exception. That was the Precious Metals sector which actually rose 10%. That chart is in X's at 52%. Al other charts are in O's and moving lower. You can see in the curve below that there is still room to the downside. We have started to see some sectors fall below 30% into oversold territory but you can see that there is still room to the downside in many sectors. We will be watching those sectors that have fallen into the 20's and lower for reversals back to the upside. That will be an indication of short term strength. We ahve to look for stocks that outperform the market.. Bought TTN today lookinmg to add if it pullsback.. Thinking of doubling down on GLW just dont know where..,g>

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next