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Chart mentioned by Dow Trader

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Cobra
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Chart mentioned by Dow Trader

Post by Cobra »

Here's the original comment from Dow Trader: IMHO, I think you have to follow AUD not oil. Because it represent all commodeties.. It is the leader for financial market in my view. I trade Oil, forex, and Dow but always have AUD chart before them and always long AUD until it proof me wrong. You can do the same chart you have with AUD and might get some results. My big picture chart is weekly AUD and SPX if AUD crossed SPX (cross sell) then I short eveything but if AUD above SPX I long AUD and trade the others for swing or day trade. The problem now the spread between them in the weekly and monthly chart is too high which makes me think twice.
Uempel, I hope that may help you. (the symbol for AUD in stockchart is $XAD)

But personally, I think this kind of crossover may not mean anything because it depends on the start point, the 2 index has no same reference point...
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markyuan81
Posts: 12
Joined: Tue Feb 15, 2011 2:00 pm

Re: Chart mentioned by Dow Trader

Post by markyuan81 »

thanks for sharing!
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