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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: Galirayo who wrote (6513)5/9/2008 9:22:35 PM
From: John Pitera  Read Replies (1) of 41414
 
Hi Galirayo, Thanks for pointing out the reweighting of the $WTIC. Light sweet crude is much easier to refine, lower costs higher yields etc. I need to get some more info on the reweighting... what have you got on that.

Great charts... The darned $USD index already looks like it's finished it's little A-B-C type upward correction and is getting ready to head back down. I'm going to rework numbers on some of the currency and currency crosses (cross rates.. pairs). The Gold chart kind of looks like a descending wedge and a week ago I thought the action off the high last month looked corrective in nature, keeping the bull market intact.

The $USD and Crude go back and forth between various states of market correllation and then periods of just about no correlation.... And periods of medium correlation. I have seen bit more seasonality correlation at times, but that is governed by the large Global Macro Economic Flow of Funds.

John
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