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Strategies & Market Trends : MONEY FLOW ZONE! (the only thing that really matters) -- Ignore unavailable to you. Want to Upgrade?


To: faqsnlojiks who wrote (3)4/29/1999 1:06:00 PM
From: fivebagger  Read Replies (1) | Respond to of 5
 
No, did not pick up any more oils other than the three I mentioned. One thing I wanted to also mention that I thought was interesting, but not really much of a surprise...

If you look at the XOI (Oil Index) and compare it to the NASDAQ, there's been almost a perfect negative correlation for the past month or two. When Money Flows into the oils, it leaves the techs, and vice versa.

To me, this also reflects the Street's latest sentiment... value over growth... that's sure a change.