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To: Peter V who wrote (7955)	3/26/1999 1:55:00 PM
From: Thean	Read Replies (2) of 14427

Pete, Congratulation on your patience with RIG. $16 1/2 is a resistence level for crude and we are pretty near there. If this is taken out, a new wave of enthusiasm will bring many new believers in. However, I'm still trending towards a scenario where crude gets bounced off $16 1/2 and traders shifts towards other negative speculations in a week or two. I don't believe oil can go straigt up to $18 in the next few weeks while people ignore the risk of disappointing cheat data. But then, the world could be in a greater war by then so all these TA and sentiment stuffs will not apply anymore. I read about bid.com from yesterday's news about e-bay being on AOL's #1 auction list. I am actually going to try to sell some stuffs (art stuffs) on e-bay in a few weeks after I got my tax filing straighten out. Internet based garage sales really sounds like a neat concept. bw - regarding DRMD - unfortunately the negative rules today. A close below $12 would mean this one wants to base first (old timers taking their profits) before new buyers slowly step in. I'm still watching.

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