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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: da_cheif™ who wrote (19851)4/30/2005 10:53:29 AM
From: dvdw©  Read Replies (1) | Respond to of 208006
 
Yep....which means they are looking to reverse and head back above 50........so the battle continues......without resolution, hedges dependent on +50. oil.



To: da_cheif™ who wrote (19851)4/30/2005 12:29:52 PM
From: Moominoid  Read Replies (2) | Respond to of 208006
 
Bullish scenarios:

http://www,rpi.edu/~sternd/COMP.jpg

http://www,rpi.edu/~sternd/SPX.jpg

http://www,rpi.edu/~sternd/AORD.jpg

gold-eagle.com

Certainly some more down isn't ruled out yet, but I don't believe in the more bearish scenarios out there.

It is still possible that the correction in the US since the beginning of 2004 is just ABC of a triangle.



To: da_cheif™ who wrote (19851)5/1/2005 12:30:19 PM
From: robert b furman  Read Replies (2) | Respond to of 208006
 
Hi Chief,

Know what you are saying about Friday Rallies - but don't you think da bears should be able to enjoy three days of pain for the price of one too?? GG

Bob

Light crude oil and heating oil look to be a huge rolling top to me.

Momentum looks very sick and inventory are getting HUGE.

Cannot bode well for all the forward looking contracts that have been sold(hedged out) at prices well above the delivery price.

That to me looks like a big huge pail of cold water that will put the chill on future prices.

BWDIK

Bob