Back to Meridith, I'm not sure how much "The street" is going to have tolerance for "Investment advice" from Analysts. Analysts are fun for macro, but they tend to show more sentiment than ability to Time stocks..... But I digress.
There was a question about the 52 week highs vs the 20 day highs.... What you are measuring is Breadth... But think about it. Are you interested in what is roughly the Breadth of a 10 day move, or of a 6 month move.....
So are you looking for the breadth/Story of the past 20 days, or of the past year.
Point is One is better to look at what may be a Quarterly Swing, and the other is better as toilet paper.... oh sorry, the other is sort of the story of the past 10 days, but since you are looking at the breadth and comparing days... you look at the pattern from the past 5days... so Maybe, at best it tells you about a 5 days swing 3 or so days ago.
But these are pure technicals, which tells the underlaying stregnth of the market....
now sentiment hitnts at what is going on Today... and where we are.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Monday, July 13, 2009
52 Week and 20 day and trends/sentiment
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