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11/23/04 9:04 PM

#326020 RE: ajtj99 #326018

Looks like crude oil isn't finished with its downward pressure on the dow. Relative strength of the $wtic:$indu turned back up today in favor of the crude oil.

http://stockcharts.com/webcgi/Pnf.asp?S=$wtic:$indu&N=A&C=2

http://stockcharts.com/def/servlet/SC.web?c=$WTIC:$INDU,uu[w,a]daclyyay[df][pb7!b21][vc60][iUp13,8,3....


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Zeev Hed

11/23/04 9:29 PM

#326031 RE: ajtj99 #326018

That jives well with early December being "tax loss selling" (one of the many reasons I had a weak early December, till maybe the 12th, wrongfully taking MSFT payout 10 days later than actual, a typo in my notes had the 12th in lieu of the 2nd <g>), but $15 B in excess liquidity could throw a monkey wrench in that faithful pattern.