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Another possibility is to compare the relevant broad index to a sector
index and then focus on those heavy-weighted stocks in which the broad
index and sector index are trending in the same direction. As far as being
able to predict the quantitative move, <i>if one can do it at all, </i>the
support/resistance points from the previous days eod is as good as any
other method.
<p>Ketayun
<br>
<blockquote TYPE=CITE>
<pre>Ron
Can't you tell which stocks are responsible for movement of an index by
finding out which stocks are most heavily weighted in that index and by
knowing which of those stocks moved the most during the day? And since the
stocks move different amounts from one day to the next, how can you use the
information from a previous day to predict or estimate movement for the
current day? Wouldn't you be better off creating a ratio of each individual
stock to the index and look for short/intermediate/long term trends and do
pairs trading on the strongest vs the weakest?
Kent</pre>
</blockquote>
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</x-html>From ???@??? Fri May 26 23:16:34 2000
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Date: Fri, 26 May 2000 21:46:04 -0400
From: John Corrion <corrion@xxxxxxxx>
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Subject: [RT] Sector Rotation
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Status:
Hi Guys,
Anybody having any success determining the sectors that
may be up in the next rally? I have heard that
Fidelity is concentrating on wireless companies, is
there a list of these companies?
Everything I see basing tends to be defensive and not
prone to great price appreciation.
Thanks,
John
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