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Strategies & Market Trends : Technical. Analysis A to Z chaired by John Jacob Pitera

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To: Mario :-) who wrote (6)6/12/2013 9:06:09 AM
From: John Pitera  Read Replies (1) of 20
 
  • This chart of the Weekly $Hui is showing that
  • The HUI is very very oversold
  • It is creative positive momentum buy divergences
  • Most Importantly the correlation with the SPX is the most extreme it has been in 30 years..... a return to the linear regression line would mandate a contraction of the large spread between the SPX and the HUI over the next 3 to 5 months...
  • This will likely be achieved by a raly in the HUI and a decline of some magnitude in the SPX.


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