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Politics : High Tolerance Plasticity

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To: Gottfried who wrote (4190)	5/6/2001 4:00:42 PM
From: jim_p	Read Replies (1) of 23153

Gottfried, I agree the chart looks like it could break either way. I have to believe after the build we had in both crude and NG last week the break will be to the down side. Don't forget the down trend began last week after the much smaller builds in both NG and crude. Mondays mass exit was after the weekend to think about a 43 BCF build and a 2.55 build in crude. Tomorrow will be the first day after the weekend to think about not only a growing trend in builds for both NG and crude, but a trend that is escalating in both NG and crude. They will be thinking about their oil stocks that were down five out of the last six days, and they will be thinking about a build of over 6 MMbls of crude and a build of over 104Bcf of NG. Don't forget the average cycle length is 18-20 months up, and we are now in month 26-27. My guess is it breaks to the down side. What do you think about the SPDR? I think it's a broader index of energy stocks. stockcharts.com Jim PS: Do you feel the "fear" or the "greed" right now going into Monday?

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