The Importance of Relative Strength

The right way to think about any of these levels that are in play is that they're cushions rather than precise points. There's ways to manage through that the ways that are a bit more forgiving I would say and help us avoid those kind of shakeouts which are pretty prevalent in this marketplace. Relative strength will help you identify at least strong stocks and also of course weak stocks and that's a great way to outperform benchmarks if that's your goal so I think to apply relative strength which is very simply a price-to-price ratio and identify it from a trend falling perspective can add a lot of value.