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To: Shack who wrote (118200)5/3/2005 8:32:31 PM
From: The Freep  Read Replies (1) | Respond to of 209892
 
This'll be interesting to watch, as I said earlier, to see if this is where oil stocks and the broad market de-couple. They might do just that, though the energy complex is a big part of the SPX.

Dow currently sports a pretty nice ABC possibility off the low, with A=C at 250 dow points. That's certainly the bears best hope here, seems to me...

the freep



To: Shack who wrote (118200)5/3/2005 10:14:10 PM
From: skinowski  Read Replies (1) | Respond to of 209892
 
$WTIC weekly... MACD and RSI divergences pointed out very nicely loss of momentum at the latest top:

stockcharts.com[w,a]waclyyay[df][pb50!b200][vc60][iUb14!La12,26,9]&pref=G

The long term 200 wkma is all the way down under 34. I don't expect the price to get there, but if it does, I'll try to remember to be a buyer.



To: Shack who wrote (118200)5/4/2005 12:00:46 AM
From: Perspective  Read Replies (2) | Respond to of 209892
 
I reiterate: if crude, steel, gold, and silver are all breaking down here and now, the reflation effort is over. If they can't even keep commodities inflating, then there really isn't much hope for avoiding deflation.

stockcharts.com[w,a]waclyiay[pb50!b200!f][vc60][iUb14!La12,26,9]&pref=G
stockcharts.com[w,a]waclyiay[pb50!b200!f][vc60][iUb14!La12,26,9]&pref=G
stockcharts.com[w,a]waclyiay[pb50!b200!f][vc60][iUb14!La12,26,9]&pref=G

And give me a little more time on VLO - I've only got my first 1/3!

BC