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To: wlheatmoon who wrote (67192)	10/7/1999 4:01:00 PM
From: John Pitera	Read Replies (3) of 86076

John Roque was just on showing the S&P airline index since 1980 , with some long term momentum indicators on it. Interestingly it is very oversold and on Longterm support. the 5 previous times since 1980 that the airlines have been as oversold on a longterm basis as now they have rallied over the coming 6 to 12 months and by 23%.. so it may serve us be buying the airlines on dips in the next few weeks. Roque is pretty good as a technician. with the break in oil, I would look for it to move back to 17-18$ in the next 3 months. that would help the airlines as well. Oil peaked out at exactly the right time of the year according to the seasonal charts that I have. John

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