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Strategies & Market Trends : Strictly: Drilling II

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To: Paul Shread who wrote (8854)3/5/2002 7:31:17 PM
From: Louis V. Lambrecht  Read Replies (2) of 36161
 
Frankly, I can't make up my mind.

First, the pitchfork I believe to be valid lvlamb.itgo.com which tells me not to worry before we break the 50 DMA.

Then, the Hell's Triangle, end of the run, lvlamb.itgo.com wich tells me to worry if we break 290 or can't move above 298.

Further, the April options O/I futuresource.com
A price of the futures of 290 would have most of the sellers keep the premiums.

Eating my fingers: expecting a close of the April futures Friday @290, but this is playing with fire.
Either the PoG rebounds on the right tine of the pitchfork and I smile.
Or we fall through 290 next Monday, confirm the Hell's triangle and I cry.
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