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Strategies & Market Trends : TA setups-ex th traders
DIA 462.58+1.0%Nov 21 4:00 PM EST

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To: tom pope who wrote (5950)2/14/2005 3:07:19 PM
From: Galirayo  Read Replies (2) of 7682
 
Tom .. I don't know about the impact of PTEN on the oil service sector. But today we are seeing a bifurcation between light sweet crude and the service sector. Given it's recent run which is a bit parabolic .. I think today may be the turn. I'd be happy to see it return near the 50dma for a reload. :)

stockcharts.com[w,a]dacayiay[dd][pb50!h.02,.20!f][vc60][iut!Ua12,26,9!Uv25]&pref=G

Caveat: Inventory Report Wed could blow this theory out of the water.

Ray
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