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