Hey Joe this is the chart binwood and myself have developed (and by the way it is copyrighted). Binwood you should find the links to the data sources in that thread. There are only 3 times that the (50 day moving average) correlation has reached +0.8 (very strong correlation) since Nov 2004 and only 7 times that its broken through +0.6 (relatively strong correlation) in this time. If binwood got busy we could know where it sits now (it's just that he has figured out how to implement our methodology in excel easily, otherwise I would do it). Eshmun