One reader asked the following questions and comments and the following video addresses them the best way I can in 5 minutes….
When you look at $COMPQ, do you actually see noticeable differences vs other charts such as SP500 and the Dow?
If so, I really need to pay more attention.
What do you think about $AAPL heavy weight on the technology index, do you think it skews things?
Your response is very interesting. I know Tom McClellan prefers the NYSE as a liquidity indicator, because of its rather large size. He says the nasdaq has a lot of underdogs that tend to under perform and is a bad indicator. I think his statement might respond only in terms of liquidity.
I personally don’t have a style that I am comfortable with, thats why I am asking. I tend to be all over the place.