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To: Gary Burton who wrote (58657)1/18/2000 2:27:00 PM
From: ItsAllCyclical  Respond to of 95453
 
>> EP's look to maybe turning the corner-who knows <<

Watch APA. It's now above it's 200 dma, but it's also near the top of it's long term downtrend line. If it closes above 38 and continues into the 40's I'd say buy the E&P sector with abandon...at least the laggards.

XNG is near it's 200 dma, but if APA breaks out so will XNG. I can't imagine we're going to sell off in the E&P's just before earnings. Therefore I'm adding laggards now.