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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (400)	11/15/2004 10:14:37 AM
From: jim_p	Respond to of 13449

Oil and NG prices trending lower. NG inventories are full despite Ivan and lower supply (don't believe it!!)???. Institutions are still dumping oil and gas stocks on any attempted rally. Many of the OS leaders trading below their 50 day MA today. A close below the 50 MA on the OSX or OIH today will confirm the downward trend in energy stocks is still in place. Don't forget the pendulum always swings too far in both directions, and the current trend in not in favor of the energy bulls. JMHO, Jim