Thursday, July 22, 2010

Cyclicals -- Relative Strength Measure

Cyclicals have just barely matched the market this year, but
the relative strength line(RSL) for the group has been holding
support and does not yet indicate that investors are ready
to go along with the "double dip" economic scenario. For
that, I think we would need a sharp break down in the RSL
for the group. Chart

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