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To: byhiselo who wrote (126160)11/17/2005 3:03:48 PM
From: The Freep  Read Replies (1) | Respond to of 209892
 
Well, byhi, it doesn't seem like the market wants that sharp push down. New rally highs for a lotta indices today means either there's a different path coming, or any down will be very sharp and short and not really damaging to anything.

O+G can do what it wants, of course. Financials might be taking over leadership there. The market had been running up with the oils, but maybe that changes, as you say.

Or maybe everything goes up. As JJ said earlier, there's a fine chance stuff like XOM finished corrections and are pointed up (and will thus hound on all H+S possibilities).

the freep



To: byhiselo who wrote (126160)11/17/2005 3:53:11 PM
From: Galirayo  Read Replies (1) | Respond to of 209892
 
Nice Bifurcation today between Crude and Oil Service.

It makes a November type statement .. it did the same thing last year near Turkey Day.

Bring on the Perma Frost.



To: byhiselo who wrote (126160)11/17/2005 4:32:32 PM
From: Win-Lose-Draw  Respond to of 209892
 
i think o&g is 10% of the SPX currently, about time for new leadership...

Market cap arb. :)