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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Umunhum who wrote (1028)	3/6/2001 1:21:08 PM
From: kodiak_bull	Read Replies (1) \| Respond to of 23153

Here's a litte oily news: BLOCK TRADE - Transocean Sedco <RIG.N> 500,000 at $50.80, up 68 cents, crossed by Dresdner Kleinwort Wasserstein. REUTERS Rtr 12:45 03-06-01 I have generally liked trading RIG from 43-50ish, either on the long or short side, but I'm always aware of the possibility that this time might be different "in a bad way." I have linked a 360 day OSX chart here for everyone's perusal: siliconinvestor.com Stochastics look good on this one, but Williams %R says overbought. If you shorten the time periods you'll find, if I'm reading this correctly, that the stochastics weaken, while the Williams indicator remains firmly overbought. I'm not sure I buy into the ability of indicators to really tell the direction of an index, while I believe they are reasonable tools for analyzing stock sell and buy points. On the other hand, energy fundamentals still look good, and we're entering into a season which is generally kind to energy.