Kudos to Dave for his regular comments on the JJC as a leading indicator. IBD ran an excellent article on using various ETFs to gauge market action today on page A12. It was one of the best articles on intermarket analysis I have seen in a while. They specifically mentioned the JJC, iPath DJ-UBS Copper Subindex Total Return ETF, as a leading/coincident indicator for turning points in the stock market.
Later today I will look at the big picture for the JJC, which has some really interesting things to tell us about what may be coming up in the stock market.
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Craig,
Thanks for the JJC props. My favorite copper was http://en.wikipedia.org/wiki/Boston_Blackie.
"MACD Sell Signal" was so beautifully written capturing the nuance & subtleties of the current situation that i'm envious that i didn't write it. :(
Btw, betw the two of us i think we really nailed the GC situation (no pun intended). We should co-author a paper & submit it to/for http://www.mta.org/eweb/DynamicPage.aspx?webcode=CharlesDowAward
Regards,
dave
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