The ‘Amazing 200’
Last month, I presented results from
a study I continue to make on market strength. I introduced an
indicator called the “amazing 200.†There, I pointed out that most traders spend
the majority of their time identifying the next great stock to trade. They’re
far less concerned about the strength of the market, even though the market in
general and specific sectors in particular account for as much as 75% of a
stock’s price movement. Clearly, time spent evaluating market and sector
strengths is time well spent.
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