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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?


To: Walkingshadow who wrote (3073)12/27/2004 2:37:29 PM
From: Venditâ„¢  Read Replies (1) | Respond to of 8752
 
Terry,

Re: OPEC and current destabilization in oil prices, I find it equally as interesting as you do that markets seem to be a bit toppy here.

Look at the QQQQ:

139.142.147.218

And the DOW is flashing a combination of Japanese candlesticks that are screaming a temporary short term top. The oscillators agree.

139.142.147.218

The CBOE Oil Index is showing a current flat condition but a building technical condition for further falling prices which agrees with your case study.

139.142.147.218

The markets as you said, should be reacting favorably.

Reid