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Interesting stuff, Harold.
I've found that dynamic correlation measurement is also essential in
determining when we should take note of divergences and Relative
Strength Comparisons - I'm in the process of writing an article for
MSTT on this matter. http://www.metastocktips.co.nz
> Just wondered if I was on the right track...
The path to knowledge involves many possible detours, and each one can
teach its own particular lesson. Keep at it. :)
jose '-)
http://www.metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, "hcour" <halcour@xxxx> wrote:
>
> I'm curious as to what ya'll think of my reasoning here: I'm trying
> to understand correlations relative to how one market may lead
> another.
> If two FX pairs are very highly inversly correlated then wouldn't
> one look for the abnormalities, where they become much less
> correlated, as the points when one pair actually starts leading
> another? Because how much could any one lead the other during a
> high-correlation cycle?
> Wouldn't the highest correlations normally occur during a trend and
> the lowest during a trading-range/consolidation? Could the intial
> breakdown of that high correlation possibly portend the shift from
> trend to range and the subsequent reversal back into that high
> correlation signify a cycle from range-to-trend?
>
> I'll try to post a chart illustrating this soon. Just wondered if I
> was on the right track...
>
> Harold
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