RemarksThis raises a principal question: Why the future exchanges do not issue ETFs for all contracts, respresenting the corresponding spot prices. This already exists through the GLD ETF for gold. But we need to invest in the other commodities such easily too.
The name ETF for those, however, is not appropriate - where is the fund? A suitable name would be ETS - ,exchange traded spots' or better ,spot stocks', even shorter ,spoxx'.
Parallelics 5 8 13 21
is defined as a trend changes identifying chart theory by four moving averges of 5, 8, 13, 21 time units (here days), four adjacent Fibonacci numbers. In a long trend they are ordered above each other, the shortest one the closest to the actual time series, the longest the farest away. If there is a trend change this order must be reversed. Hence there are 4 over 2 = 6 crossings of the four moving averages in between. Starting from an intact trend, by definition, a correction, reducing overboughtness (resp. oversoldness) arises, if there is the first crossing. A correction is a trend with two crossings, a severe correction is defined by three crossings, an attempted trend chance by four crossings, a trend change by five, and an intact trend occurs after six crossings. There may be back crossings, calculated negatively, i.e. reducing the number of crossings.An extended version, reducing the number of trend changes, takes the next Fibonacci number 34 into account, working with 5 over 2 = 10 crossings. There seven crossings define a trend change.
Alternatively, instead of days one could take weeks for a midterm-, or months for a longterm version.
