Chinese
stocks are going to rise whilst the DJIA falls...the InvesTRAC model
shows that the decline in the SSE/DJIA ratio which peaked at 0.4566 in
January 2008 bottomed at 0.1489 last month after an almost 70%
underperformance...this means that the ratio is now going up as the SSE
(Shanghai All Share index) beats the DJIA hands down. The SSE has fallen
from a high of 6429.6 to a low of 1749 and it is in the process of
correcting this decline whilst the Dow is busy correcting its rise. The
chart of the SSE/DJIA ratio above shows this year's history and whilst
the SSE needs to beat resistance at 2138 to keep rising, the ratio has
clearly reversed and is headed higher. If you want to be in equities you
know what to do...the InvesTRAC model says be long SSE and short DJIA.
...check the Global Seven scorecard at www.investrac.com/global-sevenSaturday, October 27, 2012
CHINESE STOCKS THE BEST PLACE TO BE IN EQUITIES
Chinese
stocks are going to rise whilst the DJIA falls...the InvesTRAC model
shows that the decline in the SSE/DJIA ratio which peaked at 0.4566 in
January 2008 bottomed at 0.1489 last month after an almost 70%
underperformance...this means that the ratio is now going up as the SSE
(Shanghai All Share index) beats the DJIA hands down. The SSE has fallen
from a high of 6429.6 to a low of 1749 and it is in the process of
correcting this decline whilst the Dow is busy correcting its rise. The
chart of the SSE/DJIA ratio above shows this year's history and whilst
the SSE needs to beat resistance at 2138 to keep rising, the ratio has
clearly reversed and is headed higher. If you want to be in equities you
know what to do...the InvesTRAC model says be long SSE and short DJIA.
...check the Global Seven scorecard at www.investrac.com/global-seven
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