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To: isopatch who wrote (75675)10/5/2000 1:57:52 PM
From: isopatch  Read Replies (1) | Respond to of 95453
 
Don't like tape action AT ALL today in patch or my fav commodity.

NG down hard, though at 1:45 ET she's staging a sharp ST reflex rally off a test of support in the very lo 5s:

quotes.ino.com

This kind of weakness is NOT what we should be seeing in light of the very cold weather indicated below in the 10 temp forecast. Look at the temp anomalies in the bottom chart. 15-20 degrees below normal for this part of the year all the way to the Gulf Coast!

grads.iges.org

Will let other contributors pick up the ball with comments on specific fundamental and technical market factors that are causing this ST though potentially significant bearish non-confirmation of weakness in NG and related patch equities in spite of evidence that shoulder season weather is ending EARLY.

Don't misunderstand. Am NOT dumping ANY NG or OS plays.

Just continuing to be cautious and very selective about reinvesting the cash I raised several weeks ago.

For example though am happy with my small buy initial buy yesterday in GRP and 2 small adds to SMOP, I've yet to re-enter full positions in either ESNJ or PQUE.

Isopatch