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To: Les H who wrote (4447)	12/30/2002 8:16:36 PM
From: Les H	Read Replies (2) \| Respond to of 29596

Venezuelan oil minister says crisis will affect world markets 'for some time' CARACAS, Venezuela (AP) -- World oil markets will suffer for some time from the effects of the general strike aimed at toppling President Hugo Chavez, Venezuela's top oil official said Monday. The 4-week-old strike has shut down key sectors of the economy and created gasoline and food shortages throughout Venezuela, the world's No. 5 exporter. Oil production has plunged from 3 million barrels a day to 260,000 barrels a day. "For some time, we will have distortions on the world oil markets due to this situation," Oil Minister Rafael Ramirez acknowledged Monday. The strike escalated Monday as police used tear gas to separate opponents and supporters of Chavez outside the state oil monopoly's headquarters in Maracaibo, the hub of the country's oil-producing West. Strike leader Carlos Ortega, who leads Venezuela's largest labor federation, called on all citizens Monday to stop paying their taxes. And secret police arrested National Guard Gen. Carlos Alfonso Martinez, one of dozens who have occupied a Caracas city square for three months in rebellion against Chavez. About 60 people protested the arrest outside the secret police headquarters. Officers tried to disperse the protesters with tear gas. An ensuing rock fight between protesters and civilian Chavez supporters injured 10 people, said city Fire Chief Rodolfo Briceno. The combined influence of Venezuela's crisis and the threat of U.S. war in Iraq sent crude futures to a high of $31.02 a barrel Monday on London's International Petroleum Exchange, and a two-year high of $33.65 a barrel on the New York Mercantile Exchange. U.S. markets were bracing for higher heating oil prices heading into winter, higher gas prices, and higher prices for all sorts of oil-based products. But reports that the Organization of Petroleum Exporting Countries was considering increasing output by at least 500,000 barrels a day took some heat out of the price. Venezuela's opposition called the strike to force Hugo Chavez to call a Feb. 2 nonbinding referendum on his presidency, which runs to 2007. Strike leaders hope a poor showing will increase pressure on Chavez to resign. At least 35,000 of the 45,000 employees joined the walkout at Petroleos de Venezuela S.A., the state-owned oil monopoly, aren't on the job. Opponents blame Chavez for economic contraction of 7 percent in 2002, annual inflation surpassing 30 percent, 17 percent unemployment and chronic political unrest. They charge Chavez is trying to impose a leftist authoritarian government. Chavez counters his adversaries are trying to mount an "economic coup" and that Venezuela's constitution allows a binding referendum on his presidency next August. Venezuela's government and opposition have traded charges over the actual state of the nation's crucial oil industry, which represents 30 percent of Venezuela's $100 billion gross domestic product. Ramirez claimed Monday that oil production was up to 600,000 and 700,000 barrels a day and would reach 1.2 million barrels a day next week. PDVSA executives say it's impossible for the government to increase production so quickly, even with replacements of field crews, executives, tanker crews and dockhands. The strike has cost $2 billion in lost oil revenue and damage to oil installations, Ramirez said.

To: Les H who wrote (4447)	12/31/2002 9:31:30 PM
From: Les H	Read Replies (1) \| Respond to of 29596

Selected tech groups Semiconductors (130 stocks) percent stocks over MA Trend Price Phase market SOX 10 d 21 d 50 d 200d Score Phase Change ----------------- ---- ---- ---- ---- ----- ----- ------ Dec 31 289 32 15 26 8 -78 -3.36 Dec 30 290 25 11 28 8 -48 -2.83 Dec 27 296 34 11 36 8 16 -2.18 Dec 26 300 32 14 42 8 20 -1.71 Dec 24 301 24 9 43 8 -36 -1.33 Dec 23 306 28 9 50 9 -68 -0.89 Dec 20 298 18 8 44 9 -100 -0.59 Dec 19 297 8 5 40 8 -99 0.24 Dec 18 298 7 5 47 9 -82 1.36 Dec 17 320 21 9 69 10 -71 2.71 Dec 16 325 31 15 79 10 -43 3.13 Dec 13 309 5 9 70 10 35 3.35 Dec 12 321 12 22 85 10 36 4.52 Dec 11 323 11 33 88 11 -58 5.29 Dec 10 323 7 36 89 9 -75 6.09 Dec 9 307 2 20 76 9 -73 7.10 Dec 6 331 9 55 92 13 -72 9.15 Dec 5 331 12 53 94 13 -51 10.37 Dec 4 335 22 64 95 11 67 11.82 Dec 3 355 58 89 98 16 99 13.34 DOWN Dec 2 375 90 95 99 29 99 14.05 Nov 29 373 89 93 98 20 99 13.73 Nov 27 381 92 95 98 20 100 13.26 Nov 26 357 89 93 96 16 100 12.04 Nov 25 374 97 96 97 21 99 11.69 Networking (103 stocks) percent stocks over MA Trend Price Phase market NWX 10 d 21 d 50 d 200d Score Phase Change ----------------- ---- ---- ---- ---- ----- ----- ------ Dec 31 130 39 21 43 20 -74 1.44 Dec 30 130 17 19 38 21 -59 2.01 Dec 27 132 29 17 43 20 -53 2.75 Dec 26 135 40 25 52 22 -71 3.41 Dec 24 136 34 23 50 21 -88 3.88 Dec 23 139 38 27 55 23 -90 4.26 Dec 20 135 30 20 54 20 -90 4.32 Dec 19 132 18 13 54 18 -88 4.93 Dec 18 135 23 19 61 21 -92 6.05 Dec 17 139 40 29 72 22 -63 7.03 Dec 16 140 33 32 78 22 48 7.57 Dec 13 136 21 26 76 22 78 8.06 Dec 12 139 26 37 85 25 78 9.19 Dec 11 138 21 40 84 22 49 10.16 Dec 10 138 19 42 86 22 36 11.42 Dec 9 132 14 32 81 19 25 12.86 Dec 6 146 24 65 91 27 52 15.37 Dec 5 147 21 63 89 26 69 16.64 Dec 4 150 31 68 89 30 94 17.91 Dec 3 156 63 81 92 36 99 18.96 DOWN Dec 2 164 84 89 93 37 99 19.36 Nov 29 158 88 92 92 34 100 18.62 Nov 27 160 89 91 92 34 100 18.13 Nov 26 154 81 87 92 29 100 17.10 Nov 25 161 85 89 91 30 99 16.31 Biotechnology (121 stocks) percent stocks over MA Trend Price Phase market BTK 10 d 21 d 50 d 200d Score Phase Change ----------------- ---- ---- ---- ---- ----- ----- ------ Dec 31 338 29 23 27 21 -100 -1.37 Dec 30 336 21 17 25 21 -97 -0.95 Dec 27 341 24 21 30 25 -94 -0.30 Dec 26 353 36 30 36 26 -94 0.26 DOWN Dec 24 357 38 28 38 28 -97 0.36 Dec 23 360 38 29 44 27 -87 0.31 UP Dec 20 353 36 21 36 27 -71 0.10 Dec 19 347 22 19 40 27 -54 0.15 Dec 18 351 21 18 40 25 -44 0.51 DOWN Dec 17 363 32 24 53 27 -42 0.75 UP Dec 16 351 28 26 56 27 28 0.47 Dec 13 346 23 23 52 26 -35 0.69 Dec 12 357 31 35 62 27 -51 1.25 Dec 11 352 23 31 59 26 -80 1.37 Dec 10 350 18 33 57 26 -93 1.77 Dec 9 351 21 37 60 27 -85 2.38 Dec 6 365 34 49 66 28 -81 3.06 Dec 5 361 29 48 65 28 -49 3.20 Dec 4 362 31 47 67 28 64 3.54 Dec 3 365 42 48 72 27 94 3.92 DOWN Dec 2 374 61 62 76 30 98 4.19 UP Nov 29 369 68 62 76 31 98 4.06 DOWN Nov 27 373 75 70 77 30 99 4.10 UP Nov 26 359 58 56 70 27 99 3.92 DOWN Nov 25 378 73 73 77 29 99 4.35 Software (125 stocks) percent stocks over MA Trend Price Phase market GSO 10 d 21 d 50 d 200d Score Phase Change ----------------- ---- ---- ---- ---- ----- ----- ------ Dec 31 102 43 35 43 28 -100 -0.02 Dec 30 102 30 21 45 25 -79 0.43 Dec 27 104 42 27 52 28 -65 0.88 Dec 26 106 52 34 57 29 -47 1.21 Dec 24 106 52 32 59 29 -46 1.30 DOWN Dec 23 107 60 37 63 29 -30 1.33 UP Dec 20 104 45 30 62 29 19 1.23 Dec 19 103 38 25 59 28 31 1.55 Dec 18 104 35 27 61 26 45 2.05 Dec 17 107 48 39 71 28 55 2.56 Dec 16 107 52 43 71 29 72 2.65 Dec 13 102 22 32 65 23 74 2.82 Dec 12 107 31 44 74 26 55 3.73 Dec 11 106 25 45 71 25 -70 4.16 Dec 10 105 20 42 73 25 -98 4.75 Dec 9 102 10 34 66 20 -91 5.62 Dec 6 108 22 49 77 25 -62 7.11 Dec 5 108 26 50 79 26 -33 7.97 Dec 4 110 37 62 84 27 54 9.09 Dec 3 114 54 78 87 29 76 9.99 DOWN Dec 2 117 80 85 91 33 96 10.41 Nov 29 117 87 87 91 34 98 10.41 Nov 27 117 92 88 90 34 99 10.24 UP Nov 26 114 76 82 90 27 100 9.85 DOWN Nov 25 118 89 84 90 31 100 9.90 Internet (104 stocks) percent stocks over MA Trend Price Phase market INX 10 d 21 d 50 d 200d Score Phase Change ----------------- ---- ---- ---- ---- ----- ----- ------ Dec 31 88 42 35 57 34 -96 3.22 Dec 30 87 36 27 50 34 -95 3.93 Dec 27 89 38 28 56 37 -64 4.97 Dec 26 90 47 34 63 37 -32 5.97 Dec 24 93 50 33 63 35 30 6.85 Dec 23 94 52 35 69 34 28 7.46 Dec 20 92 44 28 68 35 40 7.96 Dec 19 92 30 15 66 30 60 8.82 Dec 18 91 31 21 67 30 82 9.80 Dec 17 95 47 34 72 37 92 11.28 Dec 16 97 46 38 77 35 90 12.15 Dec 13 95 24 29 71 30 79 12.86 Dec 12 99 34 44 84 35 71 13.86 Dec 11 97 22 41 79 35 64 14.25 Dec 10 94 15 40 79 32 66 14.99 Dec 9 87 11 27 72 27 72 16.46 link to November's data Message 18286350 link to October's data Message 18257950