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To: SliderOnTheBlack who wrote (54852)11/16/1999 6:22:00 PM
From: stevedhu  Respond to of 95453
 
Dec oil @ $26.10, Jan @ $25.77
Take Care
Steve



To: SliderOnTheBlack who wrote (54852)11/16/1999 6:28:00 PM
From: Broken_Clock  Respond to of 95453
 
Slider,
You may be right about a pullback. FWIW, i see the osx touching 89-90 tomorrow if crude continues its rally. We did kiss 85-86(the major downtrend line) today but crude at 26+ is very, very bullish coupled with the HAL news. I would not be surprised to see osx 93 this week.



To: SliderOnTheBlack who wrote (54852)11/16/1999 7:03:00 PM
From: hdrjr  Read Replies (1) | Respond to of 95453
 
Come on Slider, I have been saying 84-85 was the first resistance also. And I thought the resistance would be more significant, but we have met that resistance and with today's close and API numbers tomorrow will blow right through the resistance forming a support. Look at the price of crude this evening and its reaction to the API numbers.

We saw a little nervous selling into the API mumbers this afternoon, but tomorrow the pool will be full of swimmers not just feet.

I am a long term holder at this point therefore I do not begrudge anyone trading opportunities. I just do not think the time to sell and re-position is now. Maybe 91.45, the last high for OSX will bring a 4-5% retracement, but not now with this info this evening.

mhoo,

hdr