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To: Galirayo who wrote (137761)	10/21/2006 9:26:06 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

Hedging is a good thing... -g. Pays to be careful (in the long run). 144 WMA looks good. I think the mid-50+ will hold - unless markets and everything go down sharply. Agree - on the weekly the recent consolidation looks like a 4. But on the daily, there is a certain wedginess in the October action - that's why I think we MAY be in the 5th of the down impulse. stockcharts.com

To: Galirayo who wrote (137761)	10/21/2006 10:04:52 PM
From: Henry J Costanzo	Read Replies (2) \| Respond to of 209892

Ray...interesting discussion with Skin... I notice that you use StockCharts WITC for crude, and just wanted to point out that is a "Continuous Contract" construction...and not a tradeable instrument...and thus maybe not strictly subject to EW/TA analysis.. Your chart shows price still holding above last Nov-Dec lows...whereas the Nov CL contract has undercut those and hit new 1-year lows....See chart I posted yesterday afternoon...