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To: Winkman777 who wrote (78881)11/13/2000 7:26:30 PM
From: Crimson Ghost  Respond to of 95453
 
OT

Tech down but not out just like OSX.

I purchased a book from Amazon today. Nothing unusual about that but Amazon showed me a list of books on the same subject and I bought two of those as well.

That could never happen in a traditional bookstore.

Yes the techs got way ahead of themselves, but the good ones have a very bright future.



To: Winkman777 who wrote (78881)11/13/2000 7:52:56 PM
From: excardog  Respond to of 95453
 
full link with charts:http://www.worldlyinvestor.com/article_display.cfm?article_id=12940

Look for Consolidation in Energy Stocks
By Barbara Rockefeller
11/13/2000 07:27 AM EST




If you like suspense, the energy sector is full of it these days; just check out the Energy SPDR (XLE).

Energy fell out of favor the second week of September after a near two-month rally. Successive support lines (dotted gray) were busted, although we are now on a pretty good one that is touched or nearly touched five times, one of them on Friday.

Meanwhile, support has been broken a few times, too, and we now have a triangle that must give a breakout one day soon and almost certainly this week. The blue line is the 150-day linear regression, for what it's worth.

In the top window is the MACD using 23 days as the crossover moving average (the one that tested best going back in time). We need to watch out for the crossover of the signal line, which seems imminent.

Or maybe not. Read on.



ExxonMobil
ExxonMobil (XOM) seems to be one of the main drivers of the energy sector (Amerada Hess, BP Amoco and others are falling). It seems to be headed into a decisive period, too, now trapped between a falling resistance line and an altogether too-steep support line. Such steep lines are usually unsustainable.

Note that when ExxonMobil rallied in November, it turned on a dime (green arrow). This is a relatively rare instance of a "stop-and-reverse." More often, prices consolidate (ovals) while the market decides whether to resume the old direction or start a new one. One way to display consolidation is to chart several moving averages (10 days, red; 20 days, blue, and 30 days, dark blue). Where they converge, you have consolidation. Because of uncertainty over whether the economy is slowing down and over events in Florida, consolidation is the likely outcome this time, rather than a breakout.

Contributing to this view is the Qstick indicator in the top window. It has turned down and crossed below the zero line, meaning that the closing price has been below the opening price a preponderance of times over the past 14 days. The close below the open is generally a negative sign, and Qstick measures it systematically.

Expect some sideways action and for that oval to be filled in, rather than a dramatic breakout in either direction.



To: Winkman777 who wrote (78881)11/13/2000 8:02:20 PM
From: isopatch  Read Replies (1) | Respond to of 95453
 
OT/Winkman. I'll stand by what I said. Sorry you didn't like it.

You know as well as I do Winkman, if the Teamsters had a candidate who tried to steal a union election like this, the Justice Dept would be all over him and his followers.

IMO it IS racketeering. And if Gore succeeds it WILL be the the biggest political fraud ever perpetrated on the American people.

Yes that's strong talk. And unlike you I think that's exactly what's needed in light of what many here view as unethical as well as illegal actions by the democrats, trying to to steal this election.

Want you to understand that I'm going to continue to speak my mind here. If you don't like what I have to say? I promise I won't be in the least offended if you put ole Iso on ignore<G>. I'd much rather share my opinions with those who are comfortable considering them whether they agree with my choice of words or not.

On and off for the last month or two until very recently all you did on this thread was promote and defend AL Gore.
But starting last week, you suddenly switch direction and claim your a Bush voter and supporter. Curious posting record, if I may say so, Winkman.

Can remember a few weeks ago when you disappeared for a while after making what some folks here, including me, considered over the line personal attacks against me. At the time, I backed you up and will continue to do that each time you selective attack or challenge only my posts or me personally.

Although Big Bull, Doug Fant and others here have made very strong (inflamatory by your standards) statements, you only challenge me. Why is that Winkman?

If you have some kind of personal grudge, why don't you share it with the thread. Much better to get whatever it is off your chest instead of sending me honey coated PMs only to turn right around and come at me again on the thread, lol.

Seems characteristic. Like being a strong Gore advocate and defender with hardly a word about Bush until last week when you claim to be a Bush voter an dislike Gore's tactics.

Don't know what costume changes you'll surprise us with next week<G>, but I'll be the same middle of the road conservative Bush supporter I was 3 months ago.

Cheers

Isopatch