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To: quehubo who wrote (65807)6/12/2006 11:15:18 PM
From: GaAs52  Read Replies (1) | Respond to of 206316
 
Maybe it is time to panic. I just looked at the OIH chart and can not say much more than this one month old post, right before PPI/CPI.

Message 22454179

From: GaAs52 5/15/2006 11:24:46 PM

I guess all the "tight" stops are taken out. How about loose stops? OIH bounced from 50 day MA, but quite weakly. For the time being, hedge funds/short speculators are giving leeway to the buy-in-the dip crowd to collect all their "opportunity". Once the crowd of buying-in-the dip are consumed, then we will see real blood with the technical shorts start piling.

CL is already down another 70 cents now ($68.70) and with PPI and CPI are coming in the next two days, any buying should be quite cautious. A wrong PPI or CPI number and the next wave of selling will cause a train wreck....