It's a mystery to me ATCMickey, but welcome to the board.
Norman
To anyone that might be able to educate:
I have been watching Trader Fred's market strength charts with great interest. These are the one's included in each of his updates that depict market strength by a blue line (with a general range of +4 to -4 strength to weakness) and is simultaneously correlated with the C fund values shown in black.
If anyone could help educate me (my aplogies if this has already been covered), how is market strength/weakness calculated for the purpose of creating this chart?
Thanks in advance ,
ATCMickey
It's a mystery to me ATCMickey, but welcome to the board.
Norman
Thanks for the welcome nnuut! I thought I recalled Fred having explained it once before but I can't for the life of me find it anywhere.
Hopefully it's not one of the trade secrets :-)
ATCMickey
Bump....
Anyone?
Hi Mickey,
I don't recall Fred explaining the strength chart because I don't really understand it myself. I believe it has something to do with watching the fluctuations in the Rydex funds, but there's more to it than that. So it is kind of a trade secret (no pun intended) and I don't ask Fred for too much detail. It's kind of like asking KFC for the recipe to their chicken.
One of the reasons "Fred" went into hiding years ago when he wrote the system to trade the Rydex funds, was that he was constantly persued by people wanting to know - including the likes of Wall Street Journal reporters,etc. That's why I don't ask.
Sorry I couldn't be more help.
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