Over the past few years there has been an inverse relationship between the price of Crude Oil and the Dow. Each time we have seen the price of Crude Oil rally more than $10 or more (points A to B) this has been followed by some selling pressure in the Dow (points C to D). The last three occurrences have seen the Dow drop from 850 points to 1400 points when the price of Crude Oil has rallied more than $10. Currently the price of Crude Oil has risen more than $10 from the low made on August 22nd (points E to F). Thus if history repeats itself then we[...]
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[Source: The Money Blogs]
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