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To: jjstingray who wrote (115059)3/19/2005 12:36:09 PM
From: The Freep  Read Replies (2) | Respond to of 209892
 
<<with oil climbing through the roof and interest rates going up, I just do not see a long sustained move up here.>>

Sure, I'll buy that, but what if 1) oil stops going up or 2) oil does a high degree correction of its rise or 3) the same for rates.

Or what if social security reform comes along and floods trillions into the market.

Or...

Or...

I don't pretend to understand oil pricing, but the market rose all last year with rising prices, didn't it? Sure, logically we all know that at some point those high prices have to impact everyone/everything... but the whens and whys are beyond me. And just imagine, if the market really does even care about oil, what would happen if it did a 38% retrace of its rise....

the freep



To: jjstingray who wrote (115059)3/19/2005 1:06:10 PM
From: elliottrules  Read Replies (1) | Respond to of 209892
 
"but with oil climbing through the roof and interest rates going up, I just do not see a long sustained move up here"

I think the big shocker is gonna be oil falling dramatically, yield curve continues to flatten, and stocks DO NOT going up....

Who knows.

I think there is something VERY bad about to happen in Japan. The market failed to make a new high above 2004 high and probably completed a large B wave of Intermediate (2).

ttrader.com

But the market rarely listens