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Relative Rotation Graph (RRG) Charts with a unique benchmark
In some instances when I want to know where securities are heading on an absolute level I found that picking $SPX or any other "real" index or stock is not very useful. I found that choosing $ONE as a benchmark gives a better view of the absolute direction of individual securities. Here is an example below (I unchecked $VIX on purpose, if you duplicate this list you can find out why I did it):http:stockcharts.com/def/servlet/Favorites.CServlet?obj=1152526,19&cmd=show&disp=u//
What do you think?