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To: The Freep who wrote (128884)	2/2/2006 12:37:12 PM
From: The Freep	Respond to of 209892

Here's my bearish take on XOM... stockcharts.com[r,a]dhcayiay[pb20!b50!b200!c20!d20,2!f][vc60][ilb14!la12,26,9!lg!li10,10!lh5,5!lp14,3,3!ll14][J5593496,Y]&pref=G The gap up high was the v of C of a bigger B up. Now comes C down... to the 52s! Would need better downside volume to support that, but this would currently put it in the 1 of C down....

To: The Freep who wrote (128884)	2/2/2006 12:48:33 PM
From: Galirayo	Read Replies (1) \| Respond to of 209892

>>If oil isn't gonna lead... and financials aren't gonna lead... what is gonna lead?<< Beats me .. but if the consensus is that Commodities and Resources are in Heavy Demand .. maybe the underlying Heavys will continue lead. Steel .. Heavy Equip .. MFG .. Tractors .. Trucks .. Rails .. Coal ?? stockcharts.com stockcharts.com stockcharts.com Homeland Security ??

To: The Freep who wrote (128884)	2/2/2006 12:58:57 PM
From: Henry J Costanzo	Respond to of 209892

C.........Sorry....any EW fiddling NOT for me. Agree C chart not exactly a purdy pic........But it still has the possibility of morphing into one...a little sex-change operation could set up some interesting triangle shapes with ..shall we say....interesting prospects. As for financials leading........remember C is not "all there is" (hate to say that because of my long-standing special relationship)....Look at BKX.....or better, feast your eyes on IXM and XLF. My interest rate scenario relates to C, of course, and that's a little murky......As you know, I think rates are headed up...but with LT rates now beating out ST rates in their ascent, and the "INVERSION" which set off a panic around here seeming to have failed.... So the hurt to the carry trade may have passed its peak, and of no real concern to the banks from here on out......BUT.. as I say, murky, and I need to think about this a mite more.....g But, whoa........getting involved in some FA, I'm afraid.......and you know Shack has a low tolerance level for FA.........but hope you'll help if this leads to problems for me. I see that in the midst of my laborious typing, the markets seem to have stabilized....begun to turn....???