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To: marc chatman who wrote (58338)	1/13/2000 9:20:00 AM
From: marc chatman	Read Replies (2) \| Respond to of 95453

I was clearly wrong about crude making a technical reversal yesterday. I am astonished by the strength of this move from $24. If we see a new contract high (I believe just under $27 per barrel), we would have a wicked bearish divergence on the daily macd and a bearish divergence on the weekly. IMO, that would most likely lead to sub-$24 in the next couple of weeks. The alternative would be an explosive move upward to negate the divergence. In light of the strength of this move, I'd be hesitant to ignore the possibility of a further move up until the intra-day divergences match up with the daily.