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Strategies & Market Trends : Classic TA Workplace
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To: Galirayo who wrote (132377)5/4/2006 12:50:52 PM
From: T-Lo Greens  Read Replies (2) of 209892
 
connecting OIH with crude is how OIH got to be so high. you're right tho - they shouldn't have such a high degree of correlation. the drillers are way overpriced, and should correct at least 10% from these levels. take a look at TDW yesterday, that is how/where OIH should drop.
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