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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (746)	10/1/1999 11:57:00 AM
From: JLIHAI	Read Replies (1) \| Respond to of 19219

RE: BHI I like Baker as a company. I used to work for one of their competitors as a well testing engineer; my first job out of college. Baker was the one to beat. I think the reason for the weakness in the oil sector lately is impatience on the part of investors. Momentum in the oil business moves slowly. Higher oil prices don't translate into instant profit increases; more of a gradual improvement in business conditions which gathers steam if strong pricing holds. On the weekly chart, BHI may consolidate in this area for a while before moving back to the 30's. JMO of course. JL

To: J.T. who wrote (746)	10/7/1999 2:42:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

I have been looking for a point of entry on the XAU (intraday low 80.05)since this last post for a trade on Sept 30 MITA 746--- ABX has filled the gap and I am going in on the close via Rydex subaccounts: ...<I missed the XAU run. It happened too fast. I might look for a point of entry in a few days for a trade>... I may be day or two early but that is o.k. for me. Target is 90.5 XAU intraday. This involves high risk on percentage terms so only aggressive accounts who can afford to lose money on the wrong side. I will cut bait on a close below 72. Best Regards, J.T.