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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Magnatizer who wrote (36600)	8/23/2000 8:30:17 AM
From: ChrisJP	Read Replies (1) \| Respond to of 79326

Hi Mag, Yes I think that relief correction after the build-up to the FOMC decision (or non-decision) is in the cards. The oil scare won't help either. Funny, it just seems like yesterday when the "lying talking heads" were proclaiming that oil could not sustain $25/barrel. When they all start saying we're heading for $50/barrel, it is probably because they want the public to buy the energy sector stocks they were accumulating last winter. Not sure why you feel a 20 point drop in the S&P warrants a "look out below", but I agree, it does seem easier to come up with reasons to sell, and tough to come up with reasons for buying right now. Thanks for keeping your commentary and charts updated. Regards, Chris