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Re: mudturtle post# 3661

Sunday, 07/06/2014 12:18:47 PM

Sunday, July 06, 2014 12:18:47 PM

Post# of 4604
Check ChartWatch upcoming tools

http://stockchartscom.cmail2.com/t/ViewEmail/r/A8A51E6454A4073F2540EF23F30FEDED/3C38BCA88B88E06A6A4D3D471B02C3D7

The Relative Rotation Graphs (2nd one) looks terrific even if in the end doesn't turn out to be for individual stocks. Just seeing in with leading Indexes is impressive.
Be terrific if chartist can plug in various stocks to see what stage of the four it is in. Right now the XLY, consumer discretionary, appears main emerging player going out of Lagging into improving. XLF is barely turning upward that way. Good thing if Financials do choose to strength as market usually better then. The others are all appearing to enter less the promising quadrant or bending that way.
XLK has done a near 360 reversal from weak to strengthening and sure enough some are looking at tech again. Course MU, MSFT, Intel, and hard drives have pointed to that already. Just means likely to continue.
RRG looks like a line version of their popular, proven, vertical bar tool for sector analysis of leading, lagging sectors - just in a more compelling way. Trickest ones, I'd avoid, are those right in very center spinning in circles. Too little range.
I didn't dig around to see how it treats 1H leaders Healthcare & Utils.


It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.

~ Thomas Sowell

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