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Charts courtesy of stockcharts.com

Tuesday, April 17, 2012

TISA

Now that we are in correction mode, we are starting to see some of what we are supposed to: strong stocks breaking out. TISA has a very string price relative line, which unfortunately did not hit a new high until today. The total price relative score on this is 59, strong but not extremely so, and the difference between this week and last week was 1, meaning it dropped in score by one point, so the price relative spreadsheet did not help me here, and there probably wasn't nay way I would have looked at the chart until it hit a new high, as it did today.

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