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Hi Sean:
These are almost exactly the things that I saw taught in a recent TC2000 seminar. They did all their analysis on-line (56K dial-up) during the presentation, and were able analyze sectors many different ways, in just a few minutes. Other techniques were taught too. I don't yet trade stocks, but from my perspective TC2000 and CNBC provide far superior analysis for stocks than are built into MetaStock.
Just my opinion.
Jay
In a message dated 3/12/2003 12:38:17 PM Pacific Standard Time, staylor@xxxxxxxxxxxx writes:
Hi,
I'm thinking of testing a system trading sector ETF's.
Basically,
in a up trending market, go long the 'Strongest' sector ETF.
in a down trending market, go short the 'Weakest' sector ETF.
That's the principle, but I've got a few questions.
1. Which series?
There seems to be a too many sector ETF's out there.
iShares Dow Jones i.e. IDU
SPDR's i.e. XLU
HOLDRS i.e. UTH
Which to choose? Some of the SPDR's appear to have more volume but
they don't cover all the S&P GICS industry sectors (can't find
telecoms).
2. What would you use to define the 'Strongest' sector (and 'Weakest'
sector)? strength relative to DIA or SPY? What is strength?
Thanks for your thoughts,
Sean
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