|NDX & SPX 92' - 03'|
|Silver & Gold 99' - 13'|
|Click to enlarge image|
For comparative purposes, the study was normalized based on their respective momentum lows preceding (NDX:SPX 1/98 & SLV:GLD 10/09) each parabolic run. This inception point for the NDX:SPX ratio also became the retracement low of the bear market that followed the Dot-Com bust.
* All stock chart data originally sourced and courtesy of www.stockcharts.com
* Subsequent overlays and renderings completed by Market Anthropology