Read a couple books by John Boik last week; "Monster Stocks" and "How Legendary Traders Made Millions". A reoccurring theme was following the action of leading stocks. Jesse Livermore, Jack Bernard Baruch started this in the 1900's and O'Neil has carried this on. This inspired me to create a heat map of the IBD 100. This is a 20 week price chart. Colorings show a stocks price relative to new high, 50 and 200 day lines. Blue is good and red bad. Today's map is looking pretty good, and with the NAS up 2% on good volume, IBD may just call today a Follow Through!!
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1 comment:
how did you generate your
heatmap?
is it automated ?
thx
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