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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (33115)	6/28/2001 10:13:58 AM
From: j g cordes	Respond to of 70492

Harry, 4th of July pattern is right on schedule.

To: j g cordes who wrote (33115)	6/28/2001 10:17:49 AM
From: The Ox	Read Replies (2) \| Respond to of 70492

Good for you. I would be cautious with your shorts going into earnings season. The patch should report terrific earnings, especially in comparison to other sectors. If they continue to sell off into earnings, I think you might be better off covering before actual earnings are released. BWDIK? My reaction is to ride them down as far as you can since the selling pressure continues. We've seen more NG go into storage over the past 8-9 weeks then we have at any time over the past 5 or 6 years (possibly farther back than that but that's as far as the data I have available). The service companies should report great earnings but the forward guidance should be tempered. E+P companies will have it much tougher going forward, since comparisons will be difficult unless the individual company is dramatically increasing output.