[Gunnski]

I looked at DUG on the oil side, as well as UNG & DDG. I do not understand the oil mkt., so I'll pass. Oil seems to trade on information & not on supply & demand. Very attractive, wish I would have jumped in. My call (via T.A.) was a little late, so I went else where. I'll still follow the oil mkt. Especially as an indicator.

I have learned that when Oil is down (USO, = -) & Financials & U.S. Dollar positive, (XLF, = +) & the U.S Bullish Dollar (UUP, = +), the market rises. Something to monitor. You can put those (3) tickers in your live ticker tape and monitor. Gives a nice pulse of the mkt.
Oil = USO price does have a direct effect on the current market.

No nut licking here, but on the S&P 500 aka: SPY, I have done well with QID (2x's short S&P500). I bought back in Nov. '07, as posted on these boards. Looking at it again very seriously. This market currently is broken!

Wait until Tue., (8-5-08), after the Fed. meeting. Will be very interesting. I think today was just a prelude to the mkt. activity for Tue. Hold on for another down day. Inflation will be the next big buzz word.