No. of Recommendations: 5
FlyingCircus: Very nice work!
I wasn't sure from Tpoto's (welcome back!) discussion whether this method is meant to serve as a bear-catcher or as a free-standing buy-sell screen. It certainly seems worth backtesting in the latter role if anyone can figure out how to do it. I wouldn't have thought Portfolio Visualizer could do it, but I'm by no means familiar with all its capabilities.
It seems to me to bear relation to Mungofitch's "no new high's lately" approach, which he has discussed in varying applications over the years.
Anyway, an interesting way of detecting momentum, or lack thereof.
Baltassar
