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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?


To: jcky who wrote (22645)4/1/2002 10:53:07 AM
From: Jorj X Mckie  Read Replies (2) | Respond to of 23786
 
The DJTA did a high pole reversal (25pt chart), bounced a little and now is thinking of going back down. If we reverse down from here, it is all over for the dow theory confirmation with the transports.

stockcharts.com

Two more percentage points on the BPTRAN and we have a reversal from a value of 94%.

stockcharts.com

I don't see how the economy can not feel the rise in oil prices. Oil was at $17.50 a barrel when Greenie said that he saw signs of recovery, but that low energy prices would be required for that recovery to hold. We are up almost $10 a barrel since then.