Bottom Fishing Using Industry Groups.
Even though the Buy/Sell Ratio, BSR, bottomed-out six weeks ago, 04/18/05, it finally appears that the rally is getting some traction. Take a look at a graph of the NASDAQ Comp (IXIC). Its RT bottomed-out on 01/24/05 and Price hit its low point on 04/28/05. That’s a bullish divergence if I’ve…