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market holding up

 
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candlestick1
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Joined: 27 Jun 2004
Posts: 503
Location: Houston, Texas

PostPosted: Wed Oct 06, 2004 3:34 pm    Post subject: market holding up Reply with quote

The market is holding up well even with crude oil up another 86 cents. The market staying strong into the oil prices moving up is probably the foretelling that the oil prices may not hold up, that a severe drop coul;d be coming once the supply reports gets back to normal after the hurricanes. When that happens, and the supply is still being cranked out, the prices may over react to the downside.

This could produce some big upmoves in stocks.

Nothing solid, just a speculation
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FrankC



Joined: 23 Sep 2004
Posts: 269
Location: Chile

PostPosted: Wed Oct 06, 2004 4:14 pm    Post subject: Reply with quote

With Oil Futures closed above $52, a record high, could this mean if there is a sever drop in Oil prices, US$ will also take a big dive, or vice versa?
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candlestick1
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Joined: 27 Jun 2004
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PostPosted: Wed Oct 06, 2004 4:17 pm    Post subject: Dollar drop Reply with quote

which would add to overseas sales
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Ron
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PostPosted: Wed Oct 06, 2004 4:37 pm    Post subject: Reply with quote

Thanks for the insight. When that happens will oil stocks go down?
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candlestick1
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Joined: 27 Jun 2004
Posts: 503
Location: Houston, Texas

PostPosted: Wed Oct 06, 2004 7:33 pm    Post subject: oil stocks Reply with quote

That is what the signals will tell you, weak oil prices, watch what the signals do at the same time.
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