Author : Isaac Israel
Publisher : Patterns of Relative Strengt
ISBN 13 : 9781430311041
Total Pages : 228 pages
Book Rating : 4.3/5 (11 download)
Book Synopsis Patterns of Relative Strength by : Isaac Israel
Download or read book Patterns of Relative Strength written by Isaac Israel and published by Patterns of Relative Strengt. This book was released on 2007-08-17 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Relative Strength Quotient (Price/Index) is a central concept which unifies momentum and breadth for stocks and sectors, and studying it in detail indirectly reveals the connections with many other important areas of Technical Analysis. During the major market panic which led to a bottom in October 1998, the Relative Strength charts predicted that NASDAQ-100 and the Internet Sector were going to be the leaders of the future rally into 1999. And in March 2000, the Relative Strength charts also predicted the abrupt loss of leadership of NASDAQ-100 and Internet Sector. At the end of the 2000-2002 Bear Market, the R.S. charts predicted that Russell 2000 and small stocks were going to lead the new bull market. During the second half of 2006, this time the R.S. charts predicted that Russell 2000 was losing long term future strength, and that large capitalization stocks were gaining leadership into 2007.