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To: stan_hughes who wrote (3902)8/30/2001 10:18:48 AM
From: ItsAllCyclical  Read Replies (1) | Respond to of 206087
 
The past few days the XNG held tight while NG fell. Now today NG is up so far and the many of the XNG components (BR, APA, APC) are turning negative.

NG stocks are in a catch 22. If techs rally this fall everything that has done well over the past year will get sold to buy them.

If techs continue to fall to new lows there will be panic about the state of the economy - energy loses.

Oversimplified, but that's what I believe the next 3-6 months will bring. And that doesn't even consider falling NG prices...