Baltex index is a must watch at pivotal points as world economies go through changes. ( EU crisis, China slow down, Arabic changes)
Baltex is a independent electronic dry bulk marketeer to one central location, enabling traders, brokers, shipowners and charterers to trade electronically.
Sits with it's finger on the pulse of the world economies so it can not be ignored. It detects before hand, future world wide activities & or region weakness or strengths, i.e. China.
Currently it is in the process of executing a head & shoulders formation. (Big)
On the x changes DRYS is a De facto way to fallow it.
Looking at the 1 yr. chart, makes your heart stop.
AMZN, usually traces the Baltex index belatedly, or 4-6 months behind the index.