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Worden Discussion Forum » General Discussions » Stock and Market Talk » Oil Cycle

Oil Cycle Rate this Topic:
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diceman
Posted : Thursday, January 4, 2007 11:09:54 PM
Registered User
Joined: 1/28/2005
Posts: 6,049
 Due to the fact that oil/energy lost a lot of its relative strength.
I have not been watching this sector.

When I heard about the oil selloff today. I looked at the XLE.

There was a very consistent cycle in this all year long.
(wish Id seen it)

If you plot a MACD histogram on the chart with settings:

40, 80, 40 exp

(when there is a discernable cycle I throw the
12,26,9 out the window and try to fit it by eye)

You can see some very tradable tops and bottoms.
(when MACD turns up from below zero and rolls over
from above)

Hopefully this holds up for another year. (ha,ha)

Thanks
diceman
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bknight
Posted : Friday, January 5, 2007 9:07:51 AM
Registered User
Joined: 12/19/2004
Posts: 415
 Good eye sight.
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diceman
Posted : Friday, January 5, 2007 9:44:07 AM
Registered User
Joined: 1/28/2005
Posts: 6,049
 It appears:

UNT
NOV
NBR
CAM
SWN
TSO
COP
CVX
XTO

are also candidates for the "merrygoround".

Thanks
diceman
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satman-1
Posted : Sunday, January 7, 2007 9:45:10 PM
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Joined: 10/4/2005
Posts: 5
 Wow! Liked your comments on stops also.
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