Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: t4texas who wrote (9002)	3/7/2002 3:40:29 AM
From: nspolar	Read Replies (1) of 36161

Just went thru all the decisionpoint charts. A couple of things I noted. XNG rally looks fairly powerful. Glad I bought twice as many CRK shares as I thought I did over last 5 days (forgot to cancel a big order, it happens you know, also discovered I had 1000 more shares of NEM than previous thought, nice discovery as well). Thanks for pounding the boards iso - I was watching/waiting all the way but your confidence helped. CRK for one was up real nice today. OEX put/call ratio rapidly increasing again. Every time this has happened over the last few yrs it has signaled a broad market top. Most recent was just first of Jan. Haven't seen it increase in rapid succession like this before. Other put/call ratios in general falling. General theory is smart money going to OEX puts here. Hope we do get a broad market top, as this should help rotate money to the gassers. Some of the vintage Swenlin trading oscillators have rarely been higher. I don't really use these per se as I'm not a short term trader. The present trends appear to resemble patterns noted at the end of 00 beginning of 01 timeframe. The broader market went thru some wild oscillations during that period but couldn't go higher, then dumped toward end of qtr 1/01. Lower in cash than in a long time - gassers and PM's, and one lone CNRD (OSX I guess). CNRD is kind of spec play and I've just taken a position. Hard to buy much without driving up the price. Cold again up north and forecasts are for it to stay a while. Real powerful high pressure up here. Maybe it will help keep the lower 48 colder than normal for a good while, and help with them AGA draws.

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