Using Relative P/E Ratios And Technical Analysis by Peter Desnoyers
ARTICLE SYNOPSIS ...Using Relative P/E Ratios And Technical Analysis by Peter Desnoyers
Here's why you should track both fundamentals and technicals for trading stocks.
The financial storm arrived in New York on October 19, 1987, following a volatile week in the markets. Weekend news of the Federal Reserve's desire
for a weaker dollar set the stage for investor skittishness. The selling began in Japan and gained strength in London, giving early warning of unprecedented weakness in New York. By 10 a.m. on October 19, only a few of the Dow Jones Industrial Average (DJIA) components had opened, and it became clear...