12-30-2006, 08:11 AM
Hi,
This is my first post in the Dynamic Trend Forums - Hopefully not the last!
I think Marc has mentioned in a few DT Presentations that there was some research done somewhere that determined that 50% of a stock's move is related to the group strength.
Its probably no co-incidence that some stocks are pretty closely tied to their relative commodity, although that relationship (from my limited experience) isn't always constant.
If Dynamic Trend works in any market, it would be super-useful to get a "at a glance" strength reading for the following commods.
Gold / Platinum / Silver / Copper
Crude Oil / Zinc / Aluminium / Nickel
That way, if I'm looking at a stock that meets all the right criteria, and I know, historically, that it tends to have a fairly close relationship to Gold or whatever, I can sneak a quick glance at Gold for some reassurance.
I know its possible to go through industry sectors to get relative strength, but the problem with this is if I'm looking to trade something on the Australian market (or, for the example, any other market not yet covered by DT), and that stock is an aluminium miner - the relative strength of the mining industry in the US might not be the best measuring tool, but the relative strength of aluminium is better.
Am I making any sense - is this a feature that anyone else would find useful?
This is my first post in the Dynamic Trend Forums - Hopefully not the last!
I think Marc has mentioned in a few DT Presentations that there was some research done somewhere that determined that 50% of a stock's move is related to the group strength.
Its probably no co-incidence that some stocks are pretty closely tied to their relative commodity, although that relationship (from my limited experience) isn't always constant.
If Dynamic Trend works in any market, it would be super-useful to get a "at a glance" strength reading for the following commods.
Gold / Platinum / Silver / Copper
Crude Oil / Zinc / Aluminium / Nickel
That way, if I'm looking at a stock that meets all the right criteria, and I know, historically, that it tends to have a fairly close relationship to Gold or whatever, I can sneak a quick glance at Gold for some reassurance.
I know its possible to go through industry sectors to get relative strength, but the problem with this is if I'm looking to trade something on the Australian market (or, for the example, any other market not yet covered by DT), and that stock is an aluminium miner - the relative strength of the mining industry in the US might not be the best measuring tool, but the relative strength of aluminium is better.
Am I making any sense - is this a feature that anyone else would find useful?