Dow Jones Correlation with Unemployment Rate-Offical Calculation

This chart shows the correlation of the Dow Jones over time with the "official" Unemployment Rate here in the U.S. Its interesting at least to see how well the Unemployment rate dictates the tops and bottoms in the Dow Jones practically to a "T".

Please comment and let me know what you think of this idea...

Also, I have inverted the unemployment rate and applied the Heiken Ashi indicator to it for easier viewing and flow.
Comment: on the way down...
Comment: Time to get out!
Comment: Above there are 4 recessions on our one chart. The fourth one just occurred and we are beginning it now!

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Nice and simple. Great observation, and thanks for sharing it.
hi wahts name this indicateur
+1 Reply
jasonroy40 YassineELRami
@YassineELRami, the ticker for it is : UNRATE, but if you type in 1-UNRATE it becomes the indictator that is in the chart. "1-TICKER SYMBOL" inverts any ticker you would like. Thanks!
This is a great spot. Will be keeping a close eye on the pair.
+1 Reply
Dow Jones is in Blue, and the Unemployment Rate is the regular candles and Hiekin Ashi Candles.
+1 Reply
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