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

To: Wowzer who wrote (1674)	3/15/2001 11:28:45 AM
From: The Ox	Read Replies (1) \| Respond to of 23153

siliconinvestor.com I think there is a very good chance that the OSX will continue down until it hit's the uptrend line (connecting the higher lows on the weekly chart). Relative to the overall market, the OSX has held up remarkably well (and we all should know why). I am very bearish for the short term on this index. I mentioned a few days ago that I sold off my UTI but I should have added that my cost position in that stock was $4/share (split adjusted). While I'm a believer in the long term future of UTI/PTEN, I think that 1) they've gotten ahead of themselves, 2) the prices of oil + NG are continuing to show weakness, and 3) profit taking in this market is very hard to resist. We saw RIG run into resistance right where the chart indicated it would (54-55). I think we'll see downside until we reach some of the more significant support levels and/or we get a change in the futures markets trends. JMO, Michael

To: Wowzer who wrote (1674)	3/15/2001 11:29:21 AM
From: Terry D	Read Replies (1) \| Respond to of 23153

OK Rory - before you lump me in with the black helicopter fearing, tin foil wearing, Trilateral Commission hating, "Elvis works at my local WalMart" deep thinkers, check this, buried in the online WSJ. interactive.wsj.com Asian Stocks Close Mixed After Wall Street Sell-Off A WSJ.COM News Roundup Shares closed mixed across the Asian-Pacific region Thursday following a sell-off on Wall Street, with some markets following Wednesday's U.S. losses and others rebounding. In Tokyo, stocks rose sharply as public funds stepped in to help turn a gut-wrenching early fall into a rousing rally. I have not heard a peep about govt intervention in the Nikkei on CNBC, the radio or anywhere else. Have you? This rally has no foundation.