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To: SliderOnTheBlack who wrote (56157)	12/6/1999 12:54:00 PM
From: BigBull	Respond to of 95453

Ot Slider, what is really disturbing me about the over all market here is that the transportation and utility averages are really starting to come apart at the seams. Combine this with the put/call ratios and the vix at extreme lows, I simply don't know what's holding this thing up right now. Fed cash, of course, but still, almost anything could push this thing down. API's tmw? You got me, but it won't take much. Veerrrrry fragile market here. If the Spooz can't follow through today and tomorrow then a pretty nasty MACD divergence will occur. Also the Spooz is at the top end range of the BB's. IMO Wall Street will head for the exists fast to lock up their year, if anything pushes this market. Utilities are looking BUTT ugly.

To: SliderOnTheBlack who wrote (56157)	12/6/1999 12:56:00 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 95453

Standard selloff the day before API's. The market has gotten predictable. Sold holdings Friday, and got back in at lower prices today. Might as well make money off of the patterns... Or maybe API's will be bearish (ROFLMAO!!!). Just got a suu-weet buy on OEI at 7 5/16. Picked up PXD and UPR as well. Unfortunately, had to part with a chunk of HRC to do it. Watching NBL but not ready to buy here.

To: SliderOnTheBlack who wrote (56157)	12/6/1999 8:23:00 PM
From: Roebear	Respond to of 95453

Slider, I was tied up at work today and barely had time to get off my trades much less post. I was very surprised tonight to see your 1145AM post which contained some of the same conclusions that I was also thinking early this morning. Early this AM I did see that post (<<OPEC May Boost Output if Prices Stay Above $25, Senior Delegate Tells..>> ) just preopen and it made up my mind. I am used to this kind of manipulation in the gold markets. Doggone, the behavior of the oil and gas stocks is giving me gold market deja vu! It was for this reason I sold my gold stocks the Friday after Thanksgiving: no way would the Big Boys let the measley little gold market effect their party! I tried for a dead cat bounce with gold stocks Tuesday after the BOE sale Monday but ended up quickly cutting losses, the cat was smashed too badly to bounce! (Profits from Fridays sale were well above those losses anyway.) Now with oil, the fact that the last 4 days weather was a bit warmer than predicted AND another strong positive on the NAO may move the return to more normal winter temperatures in East Coast population centers another week or two, also influenced my decision. For me, another short term negative. Dead money until Y2K? Possible, and that is one trading objective I have had and will not compromise: I desire to be mostly cash over Y2K! To avoid being stuck underwater, today I sold on the open, which turned out to be a good time to sell if one was going to. It may be that this (Y2K cash) is the attitude of enough traders/investors to be effecting the market right now. While the techs have a large fearless youthful following, even among fundies where many tech traders are said to be young, more conservative stocks are held by more conservative, older people. Stocks like the oils, golds, and the Buffet type stocks. I know some conservative investors, who have held (mostly techs though) through hell and high water the last four years while I was jumping around trades like spit on a hot griddle, who sold out half way through this latest Nazzie rally and they are steadfastly in cash until post Y2K. These are folks who did not bat an eye or sell even one little share during downdrafts summer of 96, October 97 & 98. Looooong term folks! The fact of their withdrawal astonishes me and is definitely coloring my market thinking. Well, I'm more than likely just a cowardly capitulator and hopefully I will be wrong and the bottom is being put in here. Good luck and trading all, Roebear