Offense/defense ratio – This is tech and cyclicals over health and staples. A possible change in trend here and that implies a change in market trend, too. Note how it was falling during the bear and rising since March.Data as of Thursday's close. The ratio was lower a tad on Friday.
2 comments:
Thank you for the 2 excellent columns (in Barron's) on the work of Boris Simonder's Offence/Defence ratio. I have learnt a lot about TA by reading your column.
thank your for the kind words. Visit www.quicktakespro.com/education.html for some book ideas.
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