Friday, March 28, 2014

buy now? macro perspective with dow/gold ratio

as the first quarter draws nigh and the market is flat for the year, i like to look at the macro perspective to get a grip. my favorite way to do this is to look at the dow/gold ratio:

as i see it, after the cypress rip in '13 the d/g moved into a upward channel with a higher-high and higher-low. we have now bounced at the bottom of the channel. technical analysis would have us buy this support. what do you think?

No comments:

Post a Comment