Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: NickSE who wrote (79081)	12/10/1999 9:39:00 AM
From: NickSE	Read Replies (3) \| Respond to of 86076

WASHINGTON (AP) - The Clinton administration warned Thursday that ‘‘dangerously high" oil prices could affect economic growth and said it was prepared to intervene if costs continue to soar. cnnfn.com

To: NickSE who wrote (79081)	12/10/1999 9:58:00 AM
From: NickSE	Read Replies (1) \| Respond to of 86076

Banks either very oversold and ready to rebound or indicating something ominous on the horizon. Key support levels to watch on BIX and BKX are 545 and 705 respectively. BIX (P&F Update) - S & P Banking Index - Last 573.87 (12/09) finance.yahoo.com^BIX&d=1d Has recently entered a downtrend with it's break of its bullish support line at 590. A confirmation of the downtrend and a major sell signal looms at 545. Resistance at 640 (minor) and 670± (bearish resistance line). BKX (P&F Update) - PHLX Bank Sector - Last 780.23 (12/09) finance.yahoo.com^BKX&d=1d Continues in an uptrend, but is currently attempting to penetrate its bullish support line at 775±. If it breaks 765, it signals a new downtrend (confirmation of downtrend and major sell signal at 705). Resistance at 855 and 880± (bearish resistance line). ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Alert: Painewebber Says Banking Industry Looks Oversold, Buy Only Selected Names biz.yahoo.com