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Good idea for testing. Thanks.
--- In Metastockusers@xxxxxxxxxxxxxxx, "Jayson" <jcasavant@xxxx>
wrote:
> 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
> -----Original Message-----
> From: cloudyweather13 [mailto:staylor@x...]
> Sent: Wednesday, March 12, 2003 3:37 PM
> To: Metastockusers@xxxxxxxxxxxxxxx
> Subject: [Metastockusers] Sector trading
>
>
> 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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