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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: #Breeze who wrote (16292)	7/10/2023 10:54:12 AM
From: Kirk ©	1 Recommendation Recommended By Sr K Read Replies (1) \| Respond to of 26763

Cool, thanks! Great chart. I switched it to candlesticks to see the gaps which seem to happen at SOME of the ratio tops... and added actual prices for XLE and oil. Also, there seems to be a "burnout skid mark" pattern on the 2020 run to 2.1 for the ratio which COULD be what we are getting now but with longer period of wheel spinning. . So... XLE could continue to do well as they've learned to be profitable at lower oil prices and the Saudis need oil over $81 to keep their citizens from rioting.