When you speak of relative strength breaking out, is it Wilders RSI or relative strength of the particular stock versus the market? (November 21, 2000)
Relative strength as we use it refers to a stock's relative strength versus the S&P 500, a broad measure of stocks. We want to see a stock performing well relative to what most consider the standard by which performance is measured (mutual funds use the S&P 500 as their yardstick). One could use an even broader index, but the S&P 500 is the most common.
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