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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Sergio H who wrote (23872)4/18/2009 10:16:09 PM
From: Ken W  Read Replies (3) of 23958
 
Hi Sergio

Great talking with you on the phone the other night..a true blast from the past.

I'm kind of waiting on F for a bit. Chartwise (you know me and my entry points) a good spot is about 3.70 to 3.90...Eggshape might want to kick my butt as I told him to shoot for 2.35, before it took off..LOL It got to 2.40 the next day and did not look back till 4.30ish. He got some, but over 3.00......

DRYS had a big upgrade on Fri. which boosted all of the drybulkers. The drybulk index has made its bottom and has been steady in its rise..they are looking for a big recovery in rates going into the second half of 2009 with China's stimulus package coming into play. FREE needs to make a move over 1.50 resistance with next target of 1.70....OCNF needs to make it thru 1.60ish with a target of 2.00, BUT LOOK at the overhead gaps on a weekly chart on nearly all of the shippers!! OMG

Ken
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