Random Rants and Market Ideas by Brandonf

A lot of people seem to not understand the idea of isolating leadership and relative strenght, which I think is an important concept. Here is a chart of the Nasdaq and ORCL which clearly shows how ORCL showed leadership when the market was weak and gave a good buy signal, which has since proven to be profitable.
 

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A lot of people seem to not understand the idea of isolating leadership and relative strenght, which I think is an important concept. Here is a chart of the Nasdaq and ORCL which clearly shows how ORCL showed leadership when the market was weak and gave a good buy signal, which has since proven to be profitable.
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Brandon,
How are you currently finding these? I actually bought Oracle a while back as well and still have 1/3 of my position in it for a free run. I was wondering how you are currently scanning for leaders. I have access to IBD and other services, but I thought you might have an effective way.

Thanks,
FT71
 
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