*XOI - Note how it's encountering macd resistance here, if this broke, it could potentially have ramifications on the short-term future price of oil rising... and of course... if it holds, then oil would inevitably decline for at least the short-term, currently markets are up despite oil being up, this is interesting, we'll see how everything closes, usually the broader markets are smart then the oil market... so right now odds favor a short-term decline for XOI and oil... but again, we're at a very pivotal market point here and calls this week seem as hard as any other week in '05 has been so far... it's certainly getting interesting... and I must say, I'm impressed by how well the market has held up so far this year, but I'm still steadfast that a healthy and sharp decline is coming & soon! Stay tuned...
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