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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Galirayo who wrote (7613)5/4/2005 9:29:59 AM
From: PuddleGlum  Read Replies (1) of 23958
 
Ray,

WTIC support at 46.50 (funny how p&f support is so often right near MA support):
stockcharts.com[PA][D][F1!3!1.67!!2!20]&pref=G

OSX approaching strong support:
stockcharts.com[PA][D][F1!3!1.67!!2!20]&pref=G

$XOI hasn’t yet broken down, but it has risen faster than it should have:
stockcharts.com[PA][D][F1!3!1.67!!2!20]&pref=G

$XNG has had minor damage to its chart:
stockcharts.com[PA][D][F1!3!1.67!!2!20]&pref=G

These energy barometers in some cases look like they want to break support, but I'm not counting them out yet. Even if they do, I think it will present a good buying opportunity shortly thereafter. ("Shortly" means a matter of weeks, to me). I was just about ready to reverse my market bullish bias late last week, but support was there and it held. I see some similar patterns with the oil & gas measures.
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