Replies to post #8754 on Short Term Trading Member Forum

[mr_cash4]

bliss, I was talking about "general" indexes, and even though Nasdaq is not as "broad" as say DJIA, it's certainly "broader" than XLE or XOI.

but I am with you, oils have gone parabolic, so most likely they are in a "bubble" akin to the tech bubble of late 1990s, and I am waiting for the next 10-w cycle low (due next few weeks) to go heavily long oils.

and, yes, if Naz/NDX break below 1/24 low, I am heavily short, so we are in total agreement.