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To: patron_anejo_por_favor who wrote (89608)4/3/2001 11:02:33 AM
From: isopatch  Read Replies (2) | Respond to of 95453
 
Patron. Too early to buy refiners, IMHO.

Cash is a much better place to be for now.

Look at the tape. There's NO reason to buy em here. IMO they're going lower first. Then I'll take a look. Here's a daily and hourly for Valero as an example.

siliconinvestor.com

siliconinvestor.com

Perception, not reality some of the diehards would say.

Sure, but the market deals in perception. That's why FA has only very limited value when assessing investment opportunities.

Human beings aren't objective about money. They are very emotional, given to illusions, denial and other forms of self deception such as we see "in size"(g) among the chihuahuas. Charts enable us to follow and interpret many of these emotional patterns.

Know you already understand this Patron. Just taking the op to preach to the choir, while we wait for Mr Market to finish with the chainsaw. lol

Best

Iso