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Strategies & Market Trends : Classic TA Workplace

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To: jjstingray who wrote (115059)	3/19/2005 12:36:09 PM
From: The Freep	Read Replies (2) of 209892

<<with oil climbing through the roof and interest rates going up, I just do not see a long sustained move up here.>> Sure, I'll buy that, but what if 1) oil stops going up or 2) oil does a high degree correction of its rise or 3) the same for rates. Or what if social security reform comes along and floods trillions into the market. Or... Or... I don't pretend to understand oil pricing, but the market rose all last year with rising prices, didn't it? Sure, logically we all know that at some point those high prices have to impact everyone/everything... but the whens and whys are beyond me. And just imagine, if the market really does even care about oil, what would happen if it did a 38% retrace of its rise.... the freep

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