An informal presentation of technical analysis, market ratio analysis, psychology and macro fundamental opinion... along with whatever else is required to stay on the right side of the markets. The premium NFTRH service takes all of these and more to the next level.
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Thursday, August 18, 2011
HUI vs. SPX
AKA relative strength and relative weakness. There is so much more going on technically with the nominal HUI (and all the sub-indicators used in NFTRH) that I would like to go on about. But in the words of the Red Hot Chili Peppers, I just can't give it away... give it away... give it away now.
So for the blog's purposes, let's just realize that there is a relative strength play going on here. It should provide a good hint for down the road.