John Pitera's Market Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: stomper who wrote (9455)	5/22/2008 12:26:35 PM
From: nspolar	Read Replies (2) of 33421

You might find this reply odd ... but also consider the $XAL. I do not in any way believe the airline industry is going to disappear. I can not think of more sensitive indice, in the inverse sense, to oil. My read on the $XNG, $XOI, $DJUSEN and crude is mixed ... I think a top is in the making but it sure is not verified. The XOI imo looks most of the related indices to have a bit further to go. The $XAL on the other hand seems a bit more clear. I think it is very close to a major low. It seems due for a pretty major rebound. There are a couple of Bradley indices to follow as well. The one most use, shows a huge turn of sorts on June 7th. The other one is a bit more convoluted. I kind of like this June 7th turn possibility. amanita.at marketclues.net@keatepartners.com The oil/gold ratio is another indicator, looks very near a top. Gold in the past has peaked a bit before oil.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next