Silicon Investor (SI) -- The First Internet Community

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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (30980)	2/13/2002 5:54:13 AM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 209892

Allan, I should be more specific, I believe that energy prices will increase. Not sure how this will effect actual energy stocks. But it is mainly the charts. Here is the XOI. It has broken through the Bearish Resistance line and is riding the Bullish support line and looks to be forming a bit of a triangle. stockcharts.com On top of this, I don't see how things happening in the mideast can do anything but cause prices to go up. Further, low energy prices were one of the things that Greenspan had as a requirement for the economic recovery to take hold. Light crude was at $18 at that point and resting on support. That was pretty much my cue that the bottom was in.