Ask Colin

Can you analyse the relative strength charts with the same pattern recognition in technical analysis?

I am sure some people do. I think it is pushing the methodology too far. You can see patterns in any chart of anything if you look. The only ones that mean anything to me are the ones on price charts, where I can read what the buyers and sellers are doing and when the balance of supply and demand changes.

The sort of question you have just posed is frequently asked by beginners. When they get some experience they realise that the simple things work, but the complicated things are a waste of time and effort.