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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: eichler who wrote (81215)	8/5/2001 6:05:24 PM
From: TWICK	Read Replies (1) \| Respond to of 99985

Is this another excuse for big oil to screw us consumers again ? biz.yahoo.com "Barry's new path ran through the eastern Gulf of Mexico, where there is currently no offshore energy production but where a controversial oil and gas lease sale, opposed by Florida Gov. Jeb Bush, is due to be held in December. Oil and gas production is concentrated in the central and -- to a lesser extent -- western sections of the Gulf. Shell and Chevron evacuated a combined total of 2,700 workers from offshore production platforms in an operation that began on Thursday when Barry formed off Florida's western coast and appeared to be on a crash course for southeast Louisiana. Chevron said on Sunday it was implementing a hurricane plan at its 295,000 barrel-per-day oil refinery in Pascagoula, Mississippi, which was at the western limit of a hurricane warning issued by the National Hurricane Center. ``We have a hurricane procedure that we're following and I'm not going to comment beyond that,'' said spokesman Steve Renfroe." Twick

To: eichler who wrote (81215)	8/8/2001 2:31:27 PM
From: eichler	Respond to of 99985

To follow up on the post from Sunday showing volume and price correlation on the compx and the expectation of 5-6 days of weakness from the 8/2 high....we are now day 4 of lower lows and lower highs.... On the plus side, we are now nearing another turn: home.earthlink.net Note how the volume ebb has subsided and new volume peak is under way. Price will change direction as the rising volume peaks and ebbs once again. Looks like a matter of days. Hope y'all too this seriously and held off from the long side as the expected down action accelerated up to now.... Please note that the volume/price correlation is NOT an EXACT correlation but does an amazing job of warning within an acceptable time-frame of imminent turning points. Best regards, Eichler