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To: whitepine who wrote (20129)3/12/2003 11:37:50 AM
From: Fitz  Read Replies (2) | Respond to of 206092
 
I see old fundamentals don't work anymore.......
API# large draw...........
RIG selling a 20 bucks......
I'm lost for words........Anyone have an answer.....

Fitz



To: whitepine who wrote (20129)3/12/2003 11:51:51 AM
From: energyplay  Read Replies (2) | Respond to of 206092
 
Before we have the CRTs being crushed, let's look at some 3 month or 6 month charts.

Most CRT are on a steady climb until the last 2 weeks of February, when the -203 draw and the rapid price rise in natural gas causes the upward slope to get much steeper.

SJT Chart -

siliconinvestor.com

NCN Chart -

siliconinvestor.com

Appears the CRTs are returning to the original slope, not breaking down through it.

Charts for ERF, PGH, PWI, and PVX are more complicate becasue they have issued more stock or done deals.

If the overall market crashes like 1987, it will CRTs down too.
I think the chances of a crash are higher than they were a month ago.