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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (21850)	11/15/2004 11:44:23 PM
From: Square_Dealings	Respond to of 110194

Message 20764286 HNR is a good one I think. Insiders buying M

To: mishedlo who wrote (21850)	11/16/2004 10:48:59 AM
From: bcrafty	Respond to of 110194

mish, those moving averages are pretty relevant IMO $WTIC did not find support at the 50 sma last week, and yesterday it fell below the lower trendline of the advance from the June low. It would appear that the next important support levels might be found around the 200 sma (currently 42.63), horizontal support around 42, or the trendline from the advance sine February, currently around 39. stockcharts.com[w,a]dacaynay[pc50!c200!f][iLp14,3,3!Ld20]&pref=G The MACD and stochastics show that it's pretty oversold short term, and the CCI shows a small positive divergence starting earlier this month, so taken with yesterday's doji I'd say that there's a chance that it might move up to test that trendline it fell beneath, but intermediate term I'd think that its decline isn't completely over yet.