dabum, My guess is Big Guy was talking about the comparison of these two charts:
stockcharts.com[w,a]waclyiay[pb50!b200!d20,2!f][vc60][iut!Ub14!La12,26,9]&pref=G
stockcharts.com[w,a]waclynay[d19971227,20000527][pb50!b200!d20,2!f][iut!Ub14!La12,26,9]&pref=G
As to my opinion? The above two charts have been on my mind also along with the obviously parabolic curve of the XNG. Too much hype and participation at this stage, so I would expect a sharp correction soon. By Fridays close I closed most of my energy positions.
CAVEAT: Of course I thought the same thing in last half of 99 with the NDX and it had a ways to go, I'm usually early on the exits...
Best, Roebear |