"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Thursday, November 1, 2007

XAL

Markets are falling apart all around and he's back with that cursed airline index again! XAL has not made a lower low and has been an ongoing bearish divergence for oil. Let's see if it keeps up.