Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (35452)	8/17/2005 9:57:36 PM
From: Perspective	Read Replies (4) of 116555

It's a little early to judge the nature of the oil selloff, but XLB looks quite sick from Ewave POV: stockcharts.com[w,a]waclyiay[pi!a108.43!f][vc60][iut!Ua12,26,9!Ll14]&pref=G And homies are also ill: stockcharts.com[w,a]daclyiay[pi!a108.43!f][vc60][iut!Ua12,26,9!Ll14]&pref=G And retail as well: stockcharts.com[w,a]daclyiay[pi!a108.43!f][vc60][iut!Ua12,26,9!Ll14]&pref=G With an economically sensitive XLB and the lynchpins of the bubble, housing and retail, are failing impulsively, the red flags are going up. BC

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