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To: Galirayo who wrote (137605)	10/18/2006 3:40:38 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

Interesting that XLE was holding up as Oil was coming down. You know, those H&S's are known to be good entries if they do not "work out" - and from an EWP point of view, it is clear WHY they don't work out - because very often the decline off the "head" is a Flat or a double zigzag... anyway, you are right - there is little clarity in this situation for now. Gotto watch it carefully. I nibbled a little... will add if it shows strength. Mental stops not too far away.