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To: Crimson Ghost who wrote (47355)7/5/1999 11:04:00 AM
From: Roebear  Respond to of 95453
 
George,
The singing is now going beyond the choir here. IQ, who mostly does indexes and techs, but does dabble in oils at times and usually correctly, has gone bullish on OSX to 92. He was bearish on oil recently, but reversed and notes European action today. Ike did catch most of the OSX up moves in the past six months.

Message 10380834

Message 10383497

Regards,

Roebear



To: Crimson Ghost who wrote (47355)7/5/1999 12:40:00 PM
From: Roebear  Respond to of 95453
 
George,
FWIW
Just noted on a three year OSX weekly candle chart there is a 6 week formation around a shooting star August 97 that is similar to the last 6 and 12 weeks formation on OSX. There was a shooting star April 99 and also similar doji formation 6 weeks back. This could be interesting taken as a fractal pattern as the 97 pattern produced a 30 point rise in the OSX. Which would put us conveniently at long term resistance, at levels near where the big slide commenced. I agree with near term resistance in the low 90's.

Not to be too optimistic, probably just random chance....



To: Crimson Ghost who wrote (47355)7/5/1999 3:47:00 PM
From: Think4Yourself  Read Replies (1) | Respond to of 95453
 
A European major oil company announced a requirement for as
many as 12 Brent cargoes during the period July 11-22. That
company purchased three cargoes today. One trader said this
buying emerged because of increased refinery runs.

bloomberg.com