Using TA to time entries and exits

[Hoop]

Load of the proverbial that so called correlation anyway

Last 3 months XAL down a tad but AIR down 25%

Maybe XAL trying to catch up?

https://au.finance.yahoo.com/q/bc?t=...IR.NZ%2C+&ql=1

You obfuscating the point, the correlation is not in terms of 'percentage' it is simply in terms of 'direction' (which is currently down) and $XAL is a leading indicator when there is correlation. You're right though, $XAL fell further overnight and broke down through medium term support, next supports at the Feb levels.

The reason $XAL has relevance is that large offshore holders of AIR are likely to also invest in other airlines (within the Airlines Index) and this influences decisions about portfolio weightings to the sector and in turn flows into buy/sell decisions on individual airline stocks.

Sorry to obfuscating there baabaa

Run some numbers over XAL and AIR - daily changes in each over the last 12 months

Conclusion - there is little correlation between the two (0.12) and that other factors (not how XAL is doing) mainly drive the AIR share price

Note your comment re 'direction' but i think that only applies over longer time periods

Hmmm..If the Airline industry cycle has turned it seems XAL is a leading indicator