Hello! Guys. This is my first post in your Blog, Thank you for the
opportunity.
We
have a group of spanier traders living in the Central Valley of
California that fallow you every day and we enjoy a lot your
discussions in this Traders Community.
I am
fallowing the Energy Sector. I see what's in my humble opinion is a
curious discrepancybetween the Markets in
General and the Energy Sector based on the BPENER.
The Market is dropping
at this moment but BPENER still in the 90s area. Every time BPENER
is in this area, few days later
(5 to 12 days)
reverse to lower level and this reverse occurs when the market
falls so: If BPENER start to point down means that the market will
still falling even more?!
Hello Danitito and welcome, good to have you here!
Yes the BPENER at sky high levels is something that I everyone
should take notice of, especially if the energy stocks try to
bounce again. I've followed the BPENER here for a long time
and I know how it behaves. It has a long way to fall once it
start
The Market and BPENER
Posted by danitito on 28th of Oct 2009 at 12:18 pm
Hello! Guys. This is my first post in your Blog, Thank you for the opportunity.
We have a group of spanier traders living in the Central Valley of California that fallow you every day and we enjoy a lot your discussions in this Traders Community.
I am fallowing the Energy Sector. I see what's in my humble opinion is a curious discrepancy between the Markets in General and the Energy Sector based on the BPENER.
The Market is dropping at this moment but BPENER still in the 90s area. Every time BPENER is in this area, few days later (5 to 12 days) reverse to lower level and this reverse occurs when the market falls so: If BPENER start to point down means that the market will still falling even more?!
What do you think about this?
Thank you in advance and God Bless you!
Danitito.
Hello Danitito and welcome, good
Posted by matt on 28th of Oct 2009 at 12:33 pm
Hello Danitito and welcome, good to have you here!
Yes the BPENER at sky high levels is something that I everyone should take notice of, especially if the energy stocks try to bounce again. I've followed the BPENER here for a long time and I know how it behaves. It has a long way to fall once it start
Hola, how about a chart?
Posted by Vida on 28th of Oct 2009 at 12:30 pm
Hola, how about a chart? Thanks.