HUI : $spx

Ratio low is ~ .1500, current is .3000, average is.4500 high, .5533 (Orders of magnitude.)


This ratio is reaching its recent lows. The shift from SPX to metals is due, maybe overdue. I my experience traders
should be alert to a major shift.

I am long Calls on the miners, not the metals yet. Still hanging on AEM but only to be in a miner.

Best, Islander.

Edited by Islander, 02 May 2012 - 03:37 PM.

Miner longs are now trapped. It'll be a long summer unless 1665 is taken out soon.

Ratio low is ~ .1500, current is .3000, average is.4500 high, .5533 (Orders of magnitude.)


This ratio is reaching its recent lows. The shift from SPX to metals is due, maybe overdue. I my experience traders
should be alert to a major shift.

I am long Calls on the miners, not the metals yet. Still hanging on AEM but only to be in a miner.

Best, Islander.

indeed 2008 redux?

Ratio low is ~ .1500, current is .3000, average is.4500 high, .5533 (Orders of magnitude.)


This ratio is reaching its recent lows. The shift from SPX to metals is due, maybe overdue. I my experience traders
should be alert to a major shift.

I am long Calls on the miners, not the metals yet. Still hanging on AEM but only to be in a miner.

Best, Islander.

Islander:

Today we are moving through the 100 Month MA - equal to the devastation of 2008!

http://stockcharts.com/c-sc/sc?s=$HUI:$SPX&p=M&yr=14&mn=6&dy=0&i=p29026568965&a=259871960&r=3124.png

stubaby

And this on a sickly looking dollar. A stronger dollar here could create a buying opportunity sometime within a week +/-. I'm on the fence here watching.

indeed
2008 redux?

Edited by BWTrader, 03 May 2012 - 12:02 PM.

difference between now and before is the bollinger band offers NO SUPPORT HERE imo.

Ratio low is ~ .1500, current is .3000, average is.4500 high, .5533 (Orders of magnitude.)


This ratio is reaching its recent lows. The shift from SPX to metals is due, maybe overdue. I my experience traders
should be alert to a major shift.

I am long Calls on the miners, not the metals yet. Still hanging on AEM but only to be in a miner.

Best, Islander.

Islander:

Today we are moving through the 100 Month MA - equal to the devastation of 2008!

http://stockcharts.com/c-sc/sc?s=$HUI:$SPX&p=M&yr=14&mn=6&dy=0&i=p29026568965&a=259871960&r=3124.png

stubaby

The correlation broke down in January 2012, looking at the MACD breakdawn.