The same concept again:
If the price of Oil is bullish then Energy Companies react to this in the expectations of better earnings in the future and this is reflected in the behavior of the share price and in the process they raise up other sectors, like Oil & Gas Equipment Companies because they need more equipment to increase the production. if I understand this ...
From 1998 peak to 2003 bottom, % drop is ~ -95%
From 2008 peak to 2014 bottom??, % drop is~ -95%!!!
Symmetrical in the % drop.
With the exceptional selling climax volume in Oct 2014,
I am ready to pick up anything around 2.5 - 3.2, in view of the validity of long-term uptrend channel