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To: chowder who wrote (26607)10/24/2003 12:27:16 AM
From: t4texas  Respond to of 206084
 
oih is on long term support all right, and it is right at the apex of the ascending triangle. heck it might be a hair below support. these trendlines move sometimes on stockcharts.com. here is how i have had it drawn up. agreed the stochastics make this look bouncy. also i checked the october shorts on oih, and they were down almost 2M from september. so that big pop above the trendline in october was probably short covering. by the way the rdc chart looks very similar and it is right on support too.

stockcharts.com[r,a]dacanyay[dc][pc50!c200!c20!d20,2][vc60][iUh14,3][J16758408,Y]&pref=G



To: chowder who wrote (26607)10/24/2003 1:05:34 PM
From: t4texas  Read Replies (1) | Respond to of 206084
 
no oih bounce today. that 54.2 - 54.5 level needs to hold if oih gets there. at these critical support levels i have noticed that a news item many times is maker or breaker. what energy news is occurring early next week other than it is supposed to be cold all over starting saturday. it's supposed to be in the 40s in texas sometime saturday. it's about time, because these past two or three days in the 90s is crazy.



To: chowder who wrote (26607)10/24/2003 1:22:20 PM
From: excardog  Respond to of 206084
 
Looks like we broke below the support though not by much. Thinking next week won't be much better as October comes to an end. WFT is big player for Fido if they start to bail it could get rather sticky.

Dry powder here.



To: chowder who wrote (26607)10/24/2003 2:59:51 PM
From: excardog  Read Replies (1) | Respond to of 206084
 
On a positive note most of the issues I follow are pretty light on volume so far today. Not like everyone is heading toward the exits, at least so far.