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To: bill meehan who wrote (63190)	9/21/1999 9:07:00 AM
From: Cynic 2005	Read Replies (2) \| Respond to of 86076

<<based on an average bbl of $16.01. >> For the month of August, I thought the oil never traded below $20/bbl. What am I missing? Also, the price of oil is about 12% higher in September over the August level. Are you thinking what I am thinking? -g-

To: bill meehan who wrote (63190)	9/21/1999 9:15:00 AM
From: Defrocked	Read Replies (3) \| Respond to of 86076

From a trading perspective, today's SPoo opening will potentially create another downside gap...yesterday's low of 1345 vs. a projected opening of 1342 or lower. IMHO this area is sensitive in terms of investor expectations since the Sep.3 unemployment report gapped through this area on the upside. Bonds have already given away all their gains from that report and appear destined to go lower. Stocks could easily retest the 200DMA for Dec.SPoos of 1333 again. Its beginning to look more and more like the 50DMA(1364) and 20DMA(1360) for SPoos are becoming ceilings for equities. I'm generally not a technician, but only technicals can explain this market as fundamental support has been a myth for quite some time. Hedge fund traders will probably act on the same technical erosion I observe. BWDIK.