Incorrect.
plenty of bargains appear without all 3 lining up. that's where you make the most money.
The market always throws up anomalies. Someone at beginning of 2016 asked me if not AKK, what then. I suggested already beaten down QUALITY Oz producers that benefited from the falling Oz dollar and Brent/Tapis pricing advantage, not WTI or shale.
AKK isn't one of them
SXY at 12c was.
most of them did 100-200% and AKK went backwards.
AKK Price at posting:
0.7¢ Sentiment: Sell Disclosure: Not Held