No sarcasm at all. I think what you had to say in your blog makes a lot of sense and is definitely not something I have thought about before. Like I said in my blog, I'm not an economist, just an equities trader. Really just wanted to see how others think a big crude rally will affect the U.S...
Just posted my thoughts on my blog, I'd love to hear what others think as well.
http://www.independenttraderken.com/2011/02/what-effect-would-strong-oil-rally-have.html
Although their daily charts look bullish, these two leading sectors are approaching significant resistance levels on their weekly charts.
Just posted charts/analysis of these on my blog: http://tinyurl.com/24tj4ub
LVS has gone parabolic and could see a big drop this week as little support exists below.
Just posted my look ahead at this week in my blog if you are interested: http://independent-trader-ken.blogspot.com/
67 is looking good for a possible breakdown short.
I just posted my look at the week ahead on my blog if you are interested: http://independent-trader-ken.blogspot.com/
GOOG is forming a beautiful flat base after a monster earnings gap.
Posted some other charts to watch today on my blog if you are interested:
http://independent-trader-ken.blogspot.com
Happy Halloween everyone!
I like FCX through 94 for a short. Lots of ducks lined up ina row on the daily.
Also posted some more daily spots for the week ahead on my blog if you are interested:
http://independent-trader-ken.blogspot.com/