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WTI - Still further downside ahead

Being a veteran trader I know how inter related and cyclical the Oil market is with equities. We have not seen the end of the precipitous decline that commenced earlier this year. despite the cheaper oil prices being seen as a boost for the economy in general and for equities. Large drops in crude oil have the effect of increasing profits in the economy and provides stimulus to facilitate spending. Big drops in Oil are usually a precursor to large declines in equities and the market in general. Expect in the comings months once we experience a bottoming price action in crude will be the time to buy up crude and start offloading equities. The time is approaching fast! Its important to note crude does not have the same effect as an energy commodity in these unprecedented times given the abundant alternative energy sources available these days. I feel like the world is becoming less dependent on Oil but that doesn't mean the historical interrelationship trends will not happen in the coming months...stay tuned watch this space.