Quote:
Originally Posted by swingtrader
Thanks, Traderji.
Whenever there is a correction I start looking carefully at relative strength rankings of various stocks. As the correction proceeds further there would be few stocks that would continue to maintain high relative strength vs the market. Most of the time these would be the new leaders after the correction. I usually concentrate on identifying such stocks and then adding them to my portfolio once the correction is done.
--SwingTrader
Excellent strategy swingtrader. This is exactly what I would do too. Please keep up with the informative posts.
__________________
Best Wishes!
Traderji
Hello Traderji / swingtrader,
What is the period one should use for calculating the RSI ?? 14 ??
Just trying to get my toes wet with some knowledge/learning on ta.
Thanks
Karuna