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Strategies & Market Trends : Wall Street Hillbilly

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To: jan_vandermeer who started this subject	3/9/2003 1:51:34 PM
From: jan_vandermeer	of 300

Weekly Gold times the U.S. Dollar. I keep this chart by hand, so I just tried to draw in enough points to show something recognizable. I simply take the nearest active Gold contract and multiply it by the nearest active Dollar contract (on a weekly closing basis). I used to do this with several other commodities before I got a computer. Some of it was very useful, but I just didn't have time to enter all the data and create the charts, so I gave up on the other commodities about 3 years ago. Basically, this acted like a relative strength chart. What was interesting, was that the adjusted Gold contract (red line) tried 3 times to take out the 1996 high and stay above it. The 3rd try was rejected soundly, just as Wilder's 14 week RSI formed a double top. ttrader.com

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