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To: marc chatman who wrote (58386)	1/13/2000 10:03:00 AM
From: Ken Robbins	Read Replies (1) \| Respond to of 95453

OT-OT-OT, I have been out of pocket for a few days on a quest for a new truck. Anyone care to guess what I bought? Oil demand should go up even though infinitesimally. <g>

To: marc chatman who wrote (58386)	1/13/2000 10:15:00 AM
From: Brent Hogenson	Read Replies (1) \| Respond to of 95453

Let me get this straight: <<I was clearly wrong about crude making a technical reversal yesterday. I am astonished by the strength of this move from $24.>> You were wrong before and surprised at how wrong you were. <<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.>> If we go up, that would be negative and we are going to go back down. <<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.>> However, if we don't go down, we could continue to go up. Gee, thanks for the analysis. Have you had your coffee yet this morning?