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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (35452)	8/17/2005 5:14:11 PM
From: Earlie	Read Replies (1) \| Respond to of 116555

Mish: I share his views on oil. Not yet shorting, but I think we are at or very close to an energy price peak. Best, Earlie

To: mishedlo who wrote (35452)	8/17/2005 9:57:36 PM
From: Perspective	Read Replies (4) \| Respond to of 116555

It's a little early to judge the nature of the oil selloff, but XLB looks quite sick from Ewave POV: stockcharts.com[w,a]waclyiay[pi!a108.43!f][vc60][iut!Ua12,26,9!Ll14]&pref=G And homies are also ill: stockcharts.com[w,a]daclyiay[pi!a108.43!f][vc60][iut!Ua12,26,9!Ll14]&pref=G And retail as well: stockcharts.com[w,a]daclyiay[pi!a108.43!f][vc60][iut!Ua12,26,9!Ll14]&pref=G With an economically sensitive XLB and the lynchpins of the bubble, housing and retail, are failing impulsively, the red flags are going up. BC