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Strategies & Market Trends : Strictly: Drilling II

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To: nspolar who wrote (10646)4/12/2002 8:33:16 AM
From: isopatch  Read Replies (1) of 36161
 
<My dog is going nuts...couple of moose...in the front yard>

Elvis want's to come and join the fun.<g>

AFA NG equities go, last 10 days/two weeks look like topping action there and in most of the OS stocks. That's why I closed out so many positions during that time.

Not a major LT top. Looks like the building of an Intermediate Term top to me. Once we break decisively below XNG 189-90 initial target is 184, then it should try to bounce before resuming the decline to the 180 area where we have better support.

Once we get there, it'll will be time to take another look. I'm content to take it one step at a time.

60% cash at the moment and will sell more into strength.

BTW, nice exit on your CRK.

Isopatch
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