debono,
That would depend on how many pivots you are comparing but typically we would scan for those that outpeformed the last two or three major pivots, pick the top ten (or bottom ten) and put them in the watchlist. Most stocks can be categorized as either following the index, stronger than the index, or weaker than the index - they all follow the index to some degree, all ships rise and fall with the tide - but some FALL better than others.
Unless like me you just daytrade then it doesn't really matter I suppose, just personal preference, but if you were thinking about investing longer term in speccies then thats one way to do it.
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