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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Junkyardawg who wrote (52823)	9/19/2000 5:59:15 PM
From: Jorj X Mckie	Respond to of 63513

Dawg, Oil is creating a megaphone pattern...higher highs and lower lows. I have never seen one of these resolve positively. Generally I have seen it at the tops of really strong runs. Today we reversed into a column of Os. Let's see if we get yet another lower low on this one. December Crude chart courtesy of DWA. 35.6 35.6 35.4 35.4 35.2 35.2 35.0 -------------------------------------------------------------------------X --------------35.0 34.8 X O 34.8 34.6 X O 34.6 34.4 X O 34.4 34.2 X X O 34.2 34.0 ---------------------------------------------------------------------X O X O ------------34.0 33.8 X X O X Top33.8 33.6 X O X O X 33.6 33.4 X O X O X 33.4 33.2 X O X O X 33.2 33.0 -----------------------------------------------------------------X O X O X --------------33.0 32.8 -----------------------------------------------------------------X O X O X --------------32.8 32.6 X O X O X 32.6 32.4 X O X O X 32.4 32.2 9 O O X 32.2 32.0 -----------------------------------------------------------------X ----O X --------------32.0 31.8 X O 31.8 31.6 X 31.6 31.4 X X 31.4 31.2 X O X 31.2 31.0 ---------------------------------------------------------X --X O X ----------------------31.0 30.8 X O X O X 30.8 30.6 X O X O X 30.6 30.4 X O O 30.4 30.2 X X 30.2 30.0 -----------------------------------------------------X O X -------------------------- Med30.0 29.8 X O X 29.8 29.6 X O 29.6 29.4 X 29.4 29.2 X X X 29.2 29.0 ---------------------------------X O ----X O --------X ----------------------------------29.0 28.8 ---------------------------------X O ----X O --------X ----------------------------------28.8 28.6 X 7 X O X * 28.6 28.4 X X O X O X X * 28.4 28.2 X O X O X X O X O X * 28.2 28.0 -----------------------------X O X O X O X O ----X O X --------------* ------------------28.0 27.8 X O X O X O X O X X O * 27.8 27.6 X X O X O O X O X O 8 * 27.6 27.4 X O X X O X O O X O X * 27.4 27.2 X X O X O X O X O O X * 27.2 27.0 -----------------X O X 6 X O X O X ------------O ----------* ----------------------------27.0 26.8 X O X O X O O X * 26.8 26.6 X O X O O * 26.6 26.4 X O X * 26.4 26.2 X O * Bot26.2 26.0 -----------------X ------------------------------* --------------------------------------26.0 25.8 X * 25.8 25.6 X * 25.6 25.4 X * 25.4 25.2 X * 25.2 25.0 -----------------X --------------------* ------------------------------------------------25.0 24.8 X X * 24.8 24.6 X X O X * 24.6 24.4 4 O 5 O X * 24.4 24.2 X O X O * 24.2 24.0 X O ----X --X --------------* ----------------------------------------------------------24.0 23.8 O X X O X * 23.8 23.6 O X O X O X * 23.6 23.4 O X O X O * 23.4 23.2 O X O X * 23.2 23.0 ---O X O X --------* --------------------------------------------------------------------23.0 22.8 O X O * 22.8 22.6 O X * 22.6 22.4 O * 22.4 22.2 * 22.2 22.0 ---------* ------------------------------------------------------------------------------22.0 21.8 * 21.8