Re: [CANSLIM] Industry group movements.

From: Spencer48@aol.com
Subject: Re: [CANSLIM] Industry group movements.
Date: Sun, 17 Feb 2002 15:03:17 EST

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Katherine:

     DG (and IBD) I thought give yesterday's and last weeks IGS rating 
(Industry Group Strength).  I agree it is not enough, especially when the 
markets are in a bearish and volatile mode, but is your contention that IGS 
ratings in IBD are not very timely-even if there are available weekly and 
yesterday's ratings?

jans

In a message dated 2/17/2002 9:48:17 AM Eastern Standard Time, 
kmalm@earthlink.net writes:

<< Another issue that I have with IBD is that the industry rankings are based 
on 6 months with the 3 most recent months more heavily weighted. That's all 
well and good when the market is in a strong uptrend lasting for many years, 
but the ratings are laggard when the market is choppy, is in the midst of 
contra bear rallies, or is in a long sideways mode. In this case, the 
industries rotate more quickly and if one wants to ride them, they need tools 
to identify rising industries more quickly than the IBD rankings. I actually 
discovered this by accident many years ago when I became frustrated with 
trying to track industry movement by highlighting and placing little arrows 
in the paper's industry chart. I couldn't get a "picture" of the movement. >>

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