Longer-Term Market Trends Message Board

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Strategies & Market Trends : Longer-Term Market Trends

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To: frigengenius who wrote (1334)	7/12/2008 7:18:14 AM
From: skinowski	Read Replies (2) of 3209

Q/SP ratio - interesting chart. This ratio rallied sharply since March, with the Q's "outperforming". Their relative strength in the end failed to do be positive for the market, since the outperformance was only relative. In recent weeks Q's once again haven't been doing very well in relation to S&P. In the past people have built entire trading systems based on the observation that Tech used to lead the markets. It can be that Tech no longer leads. Recently, trading based on the breakout by the Q/SP ratio last March would be a very losing proposition. True, it did mark the start of the rally till May 19, but - importantly, imo - it failed to predict its breakdown and the decline to new lows.

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