Ara,
Thanks. I took a quick
look. Very interesting! I’ll take an in-depth look
tomorrow. One question – It looks like you are keeping the Industry
ATC symbols the same length. I’m very
curious. Why do that?
FYI, I made a quick change to my Sector
ROC chart (attached). Now, I can switch from a straight ROC view (SectorVsUSMkt_NoBaseline.gif)
to an ROC view where a market indicator is set as the baseline (SectorVsUSMkt_MktAsBaseline.gif).
The first view gives me a decent quick
view of how the overall market and sectors are doing. The second helps me
understand which sectors are outperforming and which are underperforming the
market. For example…
From SectorVsUSMkt_NoBaseline.gif, you can
see that the Utilities Sector rose 2% in the last 19 days. HOWEVER…
SectorVsUSMkt_MktAsBaseline.gif shows that the Utilities Sector declined
by 4% when compared to the market as a whole.
It gets more interesting when you compare indexes
that are composed of Large, Mid and Small Cap stocks (attached). As you
can see, the Large Cap Internet is strongly outperforming the market and Transportation
doing pretty well. Mid Cap shows better general strength except for
Energy and Utilities. Small Cap shows relatively poor and declining performance.
In other words, it looks like money is
rotating out of the small cap Sectors and into medium cap and some large cap
Sectors. Interesting stuff! (I LOVE this product!)
Regards,
Dan.
From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx] On Behalf Of Ara Kaloustian
Sent: Friday, November 25, 2005
7:12 PM
To: AB-Main
Subject: [amibroker] Relative
Strength - Dan Clark
Attached my code for Rel Strength. I just got home, so I
have not integrated your market cap yet. AFL file, but changed ending for
attaching
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