capitulation not yet, page-8

With regards to the Colin Twiggs report
Personally i think you are better following the S&P and you will see where JA and others here focus there energies.
To me the DOW is a fake index or the people's index. Its price wieghted and not market wieghted.
I know i have charted the DOW a bit too, but i find it time wasting now and prefer the S&P


Can i give another scenario with OIL on what might happen there.
Also note what happened in the hour leading to the 230pm close of oil friday. Also note that little tail up there on its own .
I do respect the trend of oil but what does every think oil is going to do !!!!!!