(2015-03-03, 12:27 AM)Amedee Wrote: Thanks for the comments Isatrader. I don't feel disparaged ;-) I had to look for the meaning of that word because I didn't know it. Learning every day...

(2015-03-03, 12:27 AM)Amedee Wrote: 2. the measurement of relative performance/strength. There is a very interesting work of Clay Allen CFA about P&F relative strength charts. It's called 'Winning the performance game'. If you google on it, you can probably download it for free.
As Weinstein's writes (pg 109): "One week the relative strength can be positive, while the next week it is negative. The true picture forms only over a period of time". In other words, the trend of the RS is important.
And that's a advantage of the P&F RS charts. But I also notice it on the RS measurement of stockcharts.
On both charts one can see that the RS is bottoming. Measuring WIX vs the equal weighted SPX (SPXEW) is even clearer in my opinion.
In other words, could we refine the RS reading for a quicker entry? I think so. And perhaps that could be a advantage if we don't face any opportunity costs?

(2015-03-03, 12:27 AM)Amedee Wrote:

(2015-03-02, 11:45 PM)isatrader Wrote: BPOP - Stage 2 continuation attempt from large volatility contraction pattern

BPOP = bank sector > I was looking at the (bank) sector index and the sector RS vs SPXEWI.
They don't look good. Do you agree this sector is underperforming?

Left price chart of bank sector index, right RS of bank sector vs SPXEWI