Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Paul Shread who wrote (37026)	6/13/2002 10:28:23 PM
From: isopatch	Read Replies (4) of 52237

Paul. Going to be a great buying opportunity. When it comes. And I'm really looking forward to loading the boat when the time arrives But, right now? IMHO, it's too early to call a bottom in energy. When a market sector index is at or near an important support (as Terry and I were discussing about the XNG) response to news can be an important clue to price action going forward. Todays injection into NG storage of 81 BCF (in line with expectations) And, yesterdays larger than expected 2.61 million bbl drop in crude oil inventories still was not enough to support a sustained rally in the energy sector. XNG and OSX both faded significantly from the nice gains they where sporting earlier in the day. finance.yahoo.com^XNG&d=c&t=1d&l=on&z=b&q=l finance.yahoo.com Moreover, oil service favs KEG and MVK were down 4.8% and 5.7% respectively siliconinvestor.com And high quality small cap NG explorer PQUE took a hit of more than 7% today. siliconinvestor.com If you and I are correct in our view that the broad market indices are vulnerable to further decline, in the next few weeks, the energy sector is most likely to be pulled down by the under toe, as we saw in todays trading (despite recent moderately bullish sector news). Isopatch

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