RE: US Stocks Breakouts & Breakdowns - SP500, NYSE, & Nasdaq Stock Charts
(2022-09-06, 08:37 PM)Mashed Wrote: Great! Thanks!![]()
By the way, I know SW doesn't see the Mansfield RS as relevant now, but don't you find it interesting to compare the stock with the sector or industry too (in my screenshot you can see the indicator with SP500 and XLE)
Yeah, he said he's less focused on it these days. But my own research and day to day use over the last 12 years on the method has shown it to be fairly essential for me. But I could see how you could get by without it, as it's possible to see the relative strength in the chart without having the Mansfield indicator after you've looked at enough charts with it on. So I think, it probably just an experience thing, but unwise for newer people to the method, as they are missing a key component when looking at the charts as they don't the experience with it.
Comparing to the sector, industry group and peers is very useful, and one of the best way of finding the leaders within group themes. I use the following chart, that looks at all of those.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.