"Like a proxy for the yield hunters. The early August lows were NOT taken out on 10/4, a clear sign that that the worst was behind (now of course)."

David Fuller's view Good point and thanks for the chart. We are always interested in how subscribers use the Library.

This US-listed dollar-denominated fund is a good instrument for today's environment, as you can see by its overall relative strength. There is no point in looking at a weekly chart at this time as HDV was only launched in April of this year.