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To: Shack who wrote (135081)	8/3/2006 2:11:22 PM
From: Galirayo	Read Replies (1) \| Respond to of 209892

[OIH] >>Is the OIH daily H&S real? RIG sure looks it.<< I don't think so .. too much accumulation in MF at the time. Nice Weekly Piercing Line on a Tweezer Bottom with Confirmation so far this week. 130 is the line in the sand. I don't see a Big Vol Spike at the Head either. RIG expects to do a Billion next Qtr. I'm waiting for a Bottom on RIG. stockcharts.com

To: Shack who wrote (135081)	8/3/2006 2:13:08 PM
From: bcrafty	Read Replies (1) \| Respond to of 209892

Shack, are you speaking of an ED on SPX from the July low with a target of 1290-1300? If so, then I'm looking for that too and counting this leg as a "c" of a B that began at the June low. If it works out that way then from the May top A=C would be good for a little over 100 points down. I'd like to play it buying SH or buying October SPY puts. What's your choice? Have you noticed I've been making lots of "if-then" comments lately? <g>

To: Shack who wrote (135081)	8/3/2006 2:31:39 PM
From: Henry J Costanzo	Respond to of 209892

<<....If it keeps going I think we blast off...>> "... she just keeps going, she just keeps roiiin' along...."..(nice tune..no?) Keep your eye on the $RAV.X, my man...Just 14.11 points to new high..a mere 1.4463%....vbg OSX/OIH ...jury still out on the H&S....If your ED pans out, she'll be throwing off another bad signal..undercutting the MAs (which still positive..and supportive..btw.....). Interesting to remember, though, that per my voodoo......the presence of an H&S formation which does not complete, and is followed by a renewed advance, is a sure sign that the end is nigh..(Disclosure: Bearish bias oils, confused by oil service, bullish bias on natural gas).....