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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?


To: Lou Weed who wrote (2042)8/22/2021 1:13:01 AM
From: rimshot1 Recommendation

Recommended By
Lou Weed

  Read Replies (1) | Respond to of 10488
 
food for thought whether making a bottom picking attempt
to initiate new or additional longs in BABA:

** which is outperforming the other in recent weeks?

** how do you use this chart to supplement other evidence-based reasons for selecting BABA
for long initiation vs. some other individual stocks or sector ETF?

BABA vs. OLED weekly high and low range for the BABA:OLED ratio value --

stockcharts.com

Lou - it is relatively easy to substitute MSFT / XLK / QQQ for the OLED symbol
to see how the potential opportunity cost measure in rough amounts
compares when comparing a new long in BABA vs. a possible day or multi-week hold
in MSFT XLK or QQQ on dips, whether extreme or minor dips

John Bollinger, CMT CFA has a method of normalizing volume using fixed math computations for any
symbol to which the method is applied, and when examining the potential measurement amount
of opportunity cost comparisons, you may achieve more confidence in your comparison tabulations
if you consider an additional criteria based on the trend of "normalized volume"

JOHN BOLLINGER'S MARKET TIMING REPORT:
The Market Timing Report is a collection of charts John Bollinger uses to forecast stock market movements. It is updated weekly and is available to all BollingerBands.com visitors. Commentary for the charts is provided with a Bollinger Bands Letter subscription. Guidelines for the Market Timing Chart Pack can be read here.

Click on the chart to download the latest Market Timing Chart Pack - Data as of 8/20/2021

Lou - be certain to each week follow Bob Peirce's Power Index, shown now as Chart 23 .. so you can understand its utility by your repeated viewing and tracking. Best to you. Bob is long respected
and established in his communication with peers and in his local community service within his profession.