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Strategies & Market Trends : P&S and STO Death Blow's

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To: 16yearcycle who wrote (27421)2/2/2003 5:09:00 PM
From: sun-tzu  Read Replies (1) of 30712
 
That's a nice correlation Eugene, but this one from a statistical standpoint is even stronger...

mrci.com

if one is playing a pairs strategy, which is similar to trading on arbitrage, you would like for a correlation that is even stronger than the 79% that the $SPX is showing relative to 1969-1970. nonetheless, if so many were playing the 'retrace', what would they say with the above overlay which indicates significant downside approaching?
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