Mick,
If the DOW rallied 1,000 points, this would very likely have a positive effect on BA and many other stocks, irrespective of the price of oil. I did not say a 1,000 point rally will happen, but a rally from extremely oversold conditions is likely.
I posted a few days back that BA had generally rallied from Oct.. The same can be said for the DOW. Look back over the past 20 years, there has usually been a rally in the DOW of between 500 and 1500 points, mostly commencing towards the end of October.
When I posted my charts yesterday, (Link Below) Bloomberg TV were taling about the DOW opening Up 100 points (Before CAT No's), GNI traders were taling about a 1,000 point rally on the DOW.
BA's chart is now more positive than I posted, the DOW, although it pulled back due to CAT not having enough production capacity... has not collapsed and could still rally.
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