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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (109371)	11/23/2004 12:09:32 PM
From: skinowski	Read Replies (1) of 209892

$50 in price of oil is resistance, and it appears that many are watching it. If the price bounces off 50, the market will run up (how much - ?)... if 50 gets cut through, they'll probably sell. I read that there really isn't any longer-term inverse relationship between them, but now and then "investraders" invent a cute little correlation, and for a while it works....

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