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Thursday, June 20 | ||||
Strong Intuition
(Relative Strength Comparative between Intuit and the Internet Index)
There aren't that many books written about how to pick stocks using relative strength (not to be confused with Welles Wilder's Relative Strength Index (RSI)). I have only two books in my library on the subject, one by Daniel Merkle and the other by Robert Levy, both written in the 1960's. I think it's extremely useful for investors to keep an eye on relative performance... when the market is down and out (like now) you have to know what's strong (like INTU). You should always look to buy strength within weakness. |
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