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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (7102)	3/13/2005 8:47:21 PM
From: Ken W	Read Replies (2) \| Respond to of 23958

Ray All but two of the ten oil sector charts you posted have broken their 20dMA's..that is going to spook the momo boys, big time. China and India have been the biggest drivers of demand on oil, frankly, I don't think the US has increased demand all that much over the past 5 years. Both China and India have enjoyed new wealth from US company outsourcing and increased import buying. That will settle down soon enough once the economies of those two counties stablize some. Right now they are like kids in a new toy store...hooray for them! I'm always interested in talking with the tech. support people in India and if their lives have changed much with the new jobs...with out question they have benefitted greatly, but still are far far behind our average wage but, their purchasing power is far greater than ours as prices of products is very low. I guess it's all in ratios. Remember when you could buy a 1957 Chevy for 1800 bucks...Also, remember that if you were making a buck to 1.50 per hour you were at the top of the scale. Ratios. Interesting that gasoline was anywhere from .19 to .25 cents..hmmm 10%ish of the hourly wage...Now, a non burgerflipper job pays 15 to 20 bucks per hour...where is gas?? Those pesky ratios again???? Ken Ken