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Strategies & Market Trends : TA setups-ex th traders

DIA 476.41

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Dec 9 4:00 PM EST

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To: Galirayo who wrote (5433)	1/24/2005 8:41:34 PM
From: tom pope	Read Replies (2) of 7682

Ray, I see overextended stochastics and flattening MACD. Increases in day rates and rig counts are usually signs of a top, not a buying opportunity. I'm not short yet, but I've pared my energy positions to the bone - and I'm an energy bull. stockcharts.com[d,a]dhclyiay[pb50!b200!f][vc60][iUh14,3!La12,26,9]&pref=G EDIT - I'll change my tune if PTEN busts thru 20 and stays there.

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