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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

The Main Inverse Relationship

chessNwine Mon Aug 22, 2011 12:28pm EST 4 Comments

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At this point all of your other indicators and market “tells” may as well be out to lunch, for the only one that seems to matter is the inverse relationship between gold (fear trade) and equities. Note the relationship below on 3-minute charts.

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4 comments

  1. Gazer
    Gazer
    August 22, 2011 at 12:42 pm

    Feels like it wants to see 2K before any pull back.

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  2. Spooky
    Spooky
    August 22, 2011 at 2:53 pm

    Excellent, Chess. Much thanks!

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