Replies to post #34770 on Profunds index and sector trading (PRO)

[CaribbeanJim]

TT - What do you think of the two charts in the following post?

Check out the major RSI(14) downtrend break on Gold and the major resistance break for Silver that occurred today:
http://www.investorshub.com/boards/read_msg.asp?message_id=14057164

Also, I see the the daily USD hit 70 last week and is headed down. Equities need to take a breather (nasdaq is near its april high and has a major neg D when comparing the $compq:$spx rel price between now and last April). XAX is also on the rise this week. Seems like all the jet engines are fired up and we are heading down the runway. What am I missing here?

I could easily see the Nasdaq take a few weeks off here to carve out a handle while the commodities go flying once again, particularly oil and gold. That would really surprise a lot of people, but that is what the charts are are whispering to me.