Early warning signals: - Stock vs its sector...
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   tim
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Username: tim Post Number: 1 Registered: 01-2003Rating: N/A Votes: 0
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| | Sunday, January 26, 2003 - 07:38 am: | 
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Hi all, I am currently reading Stan Weinstein's Secrets for Profiting in Bull and Bear Markets and in chapter 8, he mentioned about the chart for General Motor (GM) which was used to identify early warning signals, before the Dow Jones index do. My question to everyone in this forum is - Do you used and analysed the chart of a particular stock to identify breakout/warning signals before its sector (that these stocks are in) do. Your opinions/knowledge would be much appreciated. Happy Australia's Day everyone. Cheers Tim
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   colin_twiggs
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Username: colin_twiggs Post Number: 229 Registered: 09-2002Rating: N/A Votes: 0
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| | Sunday, January 26, 2003 - 12:56 pm: | 
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Tim Stan uses GM as a confirmation signal for the entire market. I sometimes use Fedex as an "early warning" of market direction. When analyzing a sector - if there are 2 or more strong performers (I normally limit this to ASX 200 stocks) in a sector, this is often an early warning that the whole sector will follow suit. Colin
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   tim
Member
Username: tim Post Number: 2 Registered: 01-2003Rating: N/A Votes: 0
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| | Sunday, January 26, 2003 - 02:38 pm: | 
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Hi Colin, Thanks for your quick response and advises. Cheers Tim
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