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To: Big Dog who wrote (67375)	5/31/2000 1:20:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

Based on that 44% increased estimate of Canadian Capex, I began nibbling again on TESOF. Thanks Big.

To: Big Dog who wrote (67375)	5/31/2000 3:21:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

Profit taking opps ? Crude down $1.20 something...OSX rallying (but still not to new highs)- OPEC is going to increase production - simultaneous to a Fed Hike & Economic indicators that could easily send the market into a tailspin... Again; can't believe that its not a rally to sell into on each stair step up from here - as any & all rallies prior to the June Fed & OPEC meetings will be imo. Actually; I hope I'm wrong - I'll take profits on the 50% I have remaining invested and then gladly put the 50% cash back into the market & lift defensive positions; but for any who have been listening - there is a huge line forming of mgrs & technicians with no vested interest in pumping, or pimping this market - that are painting the reality that the Fed has a long way to go and that the technicals as well bode for a substantial pullback yet to come across the entire market. If the NAZ would trade in a narrow range of 3000-3400 for a couple of mos - one nasty head & shoulders chart is forming - perfectly poised for a Q3-Q4 Fed Hike that will send the market down. Another "Black October" (if not sooner) is shaping up imho... In a nutshell; never have I seen a 3-4 week window of risk in front of us - in which to tread conservatively...and even after the June Fed & Opec meeting, I will use tight, tight stops and tread ohh so cautiously on margin - as I do not trust ANYTHING in this market untill the Fed quits hiking rates and "all" signs of inflation are gone - period. Online trading is such an addiction - that going days, let alone weeks, or months - would nearly be impossible for most...(I admit my trigger finger is twitching (VBG) but, History has shown us numerous examples of where being "OUT" totally has been the smart thing. My remaining 50% - has some ultra-tight stops here. I have no qualms of having just 25% Gold & Metals & all the rest in cash (6% mind you !) untill the Fed & Economic/Inflationary indicators flash - all clear. We shall see - good luck, hope I'm wrong & the OSX goes to 165, the DOW 12,000 and the Naz 5000...