[RT] S&P as seen from abroad

["Chris Cheatham" <chrischeatham@xxxxxxxxx>]

Hi Gang,
 
See attached chart of S&P cash (daily HLC) multiplied by daily cash 
dollar index close ---proxy for non-Us investors' US stock performance/ 
perspective. To me the spread is easier to follow than the regular S&P 
now.
 
I'll leave the long term interpretation up to you...the yellow pitchfork 
sure is working well though, huh?  I guess the trade is to buy $$ and 
S&P when the spread gets to the bottom of the channel, and reverse when 
it gets to the top...see which line pops first.
 
Regards,
Chris



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