BALTIC DRY INDEX in 'virtual' freefall......what gives?

BALTIC DRY INDEX: Weekly Chart 01/10/2012

TECHNICAL ANALYSIS

• MACD signalling lower.
• RSI saying the same.

As the BALTIC approaches the lows set back in early 2011, what are we to make of the rally in equities and recent 'better than feared' economic data from China?

Perhaps equities have (yet again) got ahead of themselves, or is the BALTIC no longer the indicator it once was?