Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 48.79

-1.7%

Dec 11 4:00 PM EST

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To: Kirk © who wrote (15535)	5/13/2004 4:17:20 PM
From: Michael Watkins	of 207308

Lower oil costs will take a while to work its way through the system, particularly refined fuels where lack of capacity is as much a part of the pricing problem here as is oil. Meanwhile, oil is parabolic on the monthly charts and getting to extreme values on the weekly charts but merely in a strong trend on the daily. Could end any day... but it has not yet. I note a number of oil stocks setting up for a sell off here -- if they lead the commodity, which so often happens - perhaps the speculation will end soon. Until the next energy shock. Not if, but when.

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