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Strategies & Market Trends : Playing the QQQQ with Terry and friends.

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To: MJ who wrote (709)6/8/2005 8:00:42 AM
From: Walkingshadow  Read Replies (1) of 4814
 
Hi MJ,

Oil pulled back significantly yesterday, but I guess the market just didn't seem to notice that...

Trading down some more in today's session but still looks technically pretty strong, looks like is is just going through a normal correction to me:

futuresource.com

Compare with:

stockcharts.com[w,a]daclyyay[da][pb50!b200][vc60][iLk14!Lp14,3,3]&pref=G

(note that until NY opens in the morning and a new candle forms, oil is one candle ahead because they trade 24 hours/day during the week).

T
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