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>It's also interesting and instructive to note how many markets, each >in their separate ways, tend to arrive at "major points" together. >I don't use Nature's Pulse, but is there more significance when >(mostly) uncorrelated markets arrive at key points together?
Yes, especially when they arrive in slight different times. I follow more closely equity markets, and noted more and more times how some stocks "curiosly" lead to a move in another stock. I would be useless do some names, but I refer to two "twin" banks, an industrial group and its holding, two competing textile companies (Benetton and Stefanel), and so on: a move in a stock (usually the least under the spotlights) leads sooner or later to a move in the alter ego. The same concepts I believe could be applied to the currency or futures markets: to know where the usd/dem is going to go, given that millions of eyes are seeing its trades, it could be useful what's happening on the less traded usd/chf, or better on the (if traded) usd/lira (knowing the relationship between italian lira and deutsche mark). Or, to know where corn is going, let's take a look at soybeans meal. It's like to see the smoke flowing out of the lock: you could suppose there's a fire on the other side without opening the door!!!
ciao
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% Gaetano Arnaldo Evangelista - BARI (Italy) E-mail: ageitaly@xxxxxx URL: http://www.geocities.com/wallstreet/8492 %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
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