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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: Peter van Steennis who wrote (21633)9/28/2004 9:04:40 PM
From: chowder  Respond to of 23153
 
Peter,

The chart for ILA did look good at the time. However, the price ran beyond the linear regression lines. Anytime price extends beyond those upper bands, 99.7% of the time price will pull back within those lines. ILA did just that.

ttrader.com

Now that it is testing the lower linear regression line, I would assume the price would bounce here. I don't know how much of a bounce to expect though since the price is now below the 20 and 50 day moving averages.

It would need to get above those moving averages with conviction to change the character of this price movement.

Notice how money flows have really fallen off, as noted by the CMF indicator.

stockcharts.com[h,a]daclyiay[pb50!c20!f][vc60][iut!Lc20!Lg]&pref=G

dabum



To: Peter van Steennis who wrote (21633)9/30/2004 3:18:29 AM
From: energyplay  Read Replies (1) | Respond to of 23153
 
My knowledge of alcohol fuel "controversy" is modest.

Basically, the economics are marginal on a net energy basis, and lousy when any reasonable cost of capital is included.

See this and other sites for the "controveresy" (i.e., lying by farm state pooliticians and bio mass proponents) chemcases.com

There are considerable engine related problems -

-ethanol has a higher latent heat, and harder to evaporate. Thus engines would need to be heavily modified and pollution controls re-engineered - a non-trivial task. A car that could run both a high % of alcohol and conventional gsoline would cost $200-$500 more even in volume production.

-ethanol attracts water, and this creates multiple fuel system maintence problems. Drag racers and other can avoid this with special fuel lines, often stainless steel. Adds to the cost of the car...

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If you have light crude oil, gasoline can be easily refined. Proven technologies help get more gasoline out of each barrel of crude.

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If you have very expensive oil, cheap biomass, cheap electricity from coal or hydro, low labor costs, and low capital costs (by a command economy or tax subsidies), and have vechicle engine technology like the mid 1970s, then ethanol can be worhtwhile. Brazil did it for a number of years.

Oh, it also helps to have a mild climate that doesn't freeze. Otherwise the ethanol pulls in water to the fuel system, which can separate out once there's enough water. Sometimes the water freezes....