Hi Lobster,
Yes, the subsectors are from Chartcraft, with one exception.
If a broad group makes a reversal into a column of X's between
Chartcraft issues, I will adjust the narrow group using IBD data.
Since Chartcraft updates their narrow groups every other Thursday, and the mail arrives the following Monday (Tuesday if there is a Monday holiday like Presidents' Day! ), The narrow groups can be behind the times.
For example - the 2/12 issue, which arrives on 2/17, has Leisure and it's subsectors in a column of O's. The 2/18 Chartcraft Hot-line has Leisure reversing into a column of X's. We won't see the results of the narrow group moves until March 3rd at the earliest. In this case, I will go to the IBD narrow group rankings, which is usually located on the 2nd or 3rd to last page in the "A" section, and watch for a subgroup move up. Remember - the IBD rankings are all relative, 1 through 197. Therefore any subgroup move up is significant.
Bottom line - If a major Chartcraft group reverses up to a column of X's between issues, and any of it's subgroups has a low Bull% (usually below 40) , and the subgroup makes a move up in the IBD rankings,
I will give the subgroup chart a three box removal up on a 5 place IBD move up. The half a dozen times that I've done this, the next issue of Chartcraft has confirmed the subgroup reversal.
I'll * any future subgroup adjustments.
The first two posts on this thread have subgroup readings straight out of the last issue of Chartcraft.
Have a good weekend,
duke60 |
