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Strategies & Market Trends : Classic TA Workplace

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To: skinowski who wrote (118211)5/4/2005 2:38:56 AM
From: The Freep  Read Replies (1) of 209892
 
Here's a nice 5 year chart showing how the market has tracked the XOI upward... with the XOI obviously rocketing ahead. Will the gap close with the XOI coming down and SPX going up... opposite 5 years of data?

finance.yahoo.com

Here's the OSX, showing that same basic correlation...

finance.yahoo.com

So, if oil is gonna tank, is this the time it those indices go down and the market rallies as "it's cheap, baby!!!!"?
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