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Politics : High Tolerance Plasticity

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To: Gottfried who wrote (6649)8/14/2001 12:34:35 PM
From: chowder  Read Replies (1) of 23153
 
For those of you who like energy here, (I don't), you may want to look at BJS. Technicals are lining up very nicely.

stockcharts.com[h,a]dcclyymy[pb50!b200!b25!b9!f][vc60][iut!Ub14!Ua12,26,9!Lh14,3!Lc20!Ld20]

The Relative Strength Indicator is stronger than you'll find on most oil service stocks.

The MACD Indicator is showing the stock trending higher.

The Stochastics just flashed a buy signal as the %K and %D lines have both crossed up and over the 20 line.

The CCI measures momentum and is rising. This is starting to look bullish here.

The indicators on this stock look better than the others I've scanned in the oil service sector. IO was another that looked good!

I don't like energy at this point only because I'm not convinced demand is going to pick up enough to offset the high inventories. I submit the above information for those who want to trade energy here and BJS is looking like one of the better ones to trade right now.

Good luck.

dabum

PS - Anyone besides me like retail at this point?

PPS - Gottfried, I like that library site. Thanks! <vbg>
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