Is PG a proxy for the stock market ?

2015년 2월 10일

If so, the overall market can be choppy down for a little while then rally to new high while PG would not confirm it. In other word, PG would be ending an impulse wave down right now ( the TREND ) then would go up in a choppy rally ( Countertrend ) before resuming its decline which would coincide with the beginning a decline in the overall stock market.