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To: hdrjr who wrote (52866)	10/12/1999 4:56:00 PM
From: ItsAllCyclical	Read Replies (3) \| Respond to of 95453

API #'s courtesy of JoeDI... Crude stocks down 7.1 million Refinery rates 93.1% vs. 92.5% Gas up 2.782 million Distillates down 994,000 More in a few minutes Crude last 2254 +54 I believe these were the expected #'s From Bridge News Crude down 1.5 to 2 million Gas up .5 to 1.0 million Heat up .5 to 1.0 million Refinery Rate unch down .5%

To: hdrjr who wrote (52866)	10/12/1999 5:15:00 PM
From: marc chatman	Read Replies (1) \| Respond to of 95453

<<However the lower end of Gary B.'s prediction was a move up to the 75 to 81 range in the OSX. Obviously, we hit the 75 earlier and could not follow thru. FWIW, I agree with your implication and look for 80-81 before we halt again.>> If this is, in fact, a B wave up in an A-B-C correction process, I believe we should see 3 sub-waves within wave B. I'm hoping Gary will give us an update, but I'm thinking that from Friday morning until this morning could have constituted sub-wave 1 of B, and possibly the move down beginning this morning and carrying through the close could have been sub-wave 2 of B, with the final move up to begin tomorrow, if the API numbers are any indication. Then we would get wave C down possibly to retest the Friday lows. Gary, if you're out there, was the down move today sufficient to qualify as a sub-wave 2 of B?