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A
major challenge to the approach is that the weakest Sector and the strongest
sector may well be the sectors most ripe for reversal. You might consider
looking at the sectors turning up or down (outperforming/under performing) from
the sector groups as a whole....
Jayson
<FONT face=Tahoma
size=2>-----Original Message-----From: cloudyweather13
[mailto:staylor@xxxxxxxxxxxx]Sent: Wednesday, March 12, 2003 3:37
PMTo: Metastockusers@xxxxxxxxxxxxxxxSubject:
[Metastockusers] Sector tradingHi,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. IDUSPDR's i.e. XLUHOLDRS i.e.
UTHWhich 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,SeanTo
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