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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: ChanceIs who wrote (106496)	8/9/2008 6:46:39 PM
From: marginnayan	Read Replies (1) of 206326

CHK should not be selling off this hard. Something wrong with that picture. Individual Energy Sector Stocks More Negative Bias Summary: Failed bullish chart patterns and new bearish patterns in several individual Energy Sector Stocks corroborate and help to confirm what is apparent in the broader indexes and ETFs, and in the latest investor sentiment data. That is, the prices of energy-related assets have peaked at the recent highs and now appear to be in the early stages of a new, sustainable bearish trend. Energy Contracts, Indexes: Prices Are Breaking Down Summary: According to the tight positive correlation between the prices of these different energy-related assets, the failed bullish chart pattern in the XLE and a new bearish chart pattern in the heating oil contract imply that a breakdown in the XOI is imminent, and that the current 18 month trend of relative outperformance by the Energy Sector is coming to an end. FWIW, update 1st week of August 2008 from a newsletter I follow; No Links

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