Yeah..AIR correlates very well but lately its been a little laggy.
Interesting to see:..
1...Some sort of problem for AIR around the beginning of 2012
2...Buyers futile attempt to push AIR through the secular resistance ~$3.14,...You can't beat the market forces ..eh?
Below is a crude chart ...The AIR layer not entirely in sync (resulted in a best fit) with the $XAL layer and the comparison is not accurate so ignore the AIR line being below the $XAL most of the time..
What I attempted to achieve with the overlayered chart was to see if the trending behaviour correlated which I achieved to do...
So if XAL keeps climbing then a I'd expect AIR will follow, however the XAL chart does seem to have a completed Head and shoulder pattern and the bad news is that the neckline break occurred around Xmas...probabilities are that the XAL latest rally looks to be nearly done...
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