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S&P 500
5,421.31
(
-0.23%
)
US TECH 100
19,101.20
(
0.17%
)
Dow Jones
38,558.92
(
-0.23%
)
Brent Oil
82.56
(
0.71%
)
Bitcoin
65,332.95
(
-2.13%
)
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Blackbelt1

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Blackbelt1

Re: None

Tuesday, 02/07/2006 5:10:28 PM

Tuesday, February 07, 2006 5:10:28 PM

Post# of 51799
The oil sector remains the key to this market. Oil has good support at $63 and a bounce is likely--perhaps more. If you can tell me where the oil sector is headed over the next few weeks, I can tell you whether the market is big-time bearish or not.

Bliss is convinced we go down here, and he may be right. But I'm not sure anyone knows where the oil sector is headed during the next 3 weeks. It is a guess at best for now.

BB

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