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To: Broken_Clock who wrote (10147)	1/29/1998 8:27:00 PM
From: Thean	Read Replies (3) \| Respond to of 95453

Dave, good chart to show. 104 is the magic number. If it breaks 104, the fact it has some head room before reaching the upper BB is very encouraging. The scenario I would be uncomfortable is if it is near the upper BB and it breaks 104 intraday. At that point, it would have to overshoot the upper BB strongly intraday and close on a high note to confirm the breakout. This is technically difficult. The Stochastics can go either way however, Also a note of caution, a double bottom may be necessary before the surge momentum becomes sustainable. I have seen many charts showing double bottoms before the eventual reversal. A double bottom is like double blessing for the eventual up phase. Tomorrow should be interesting. Also, I'd like to see the day when crude price drops precipitously for whatever reason and see how the drillers react. I'd think hard about mortgaging my house, bicycle and computer if - We break 104 OSX decisively tomorrow; - We have a gap up followed by a broad base rally on Monday; - The Dow tanks 150 points; - Techs sell off, NASDAQ down over 30 points; - Crude stays above $18; and - PEngr does not post this weekend. If indeed we have a rally, buy the dogs (UTI, PTEN and BDI) for the greatest percentage gain - remember you hear it here first.

To: Broken_Clock who wrote (10147)	1/29/1998 9:46:00 PM
From: Bazmataz	Respond to of 95453

Don't get me wrong, I love charts, I DO! But..... Market psychology has made more money for me over the years. Charts help me in many ways, but (and this just goes for me, and is just my opinion), market psychology helps me in ways the charts just can't. My post was just to state that yes, I feel great about today, but we've seen better single-day gains on better volume that did not last. If you reference your own chart, look at what's ensued in the days following those which were similar to today -- selling. Again, don't get me wrong. I own several of these stocks long and trade many of them ST and would like nothing better than for them to continue gains, but in fair measure. Wild rides and power gains are great, but they rarely last long - and usually end badly. All I'm saying is what I've said before - I'd like to see broader-based gains (maybe not even as great as those of today, but gains) that persist. Call me stupid, but I'd rather have five days of small gains rather than one day of big ones. In my mind, this was that one good day (that very well might be the start of a beautiful uptrend), but I feel we're not out of the woods yet... Again, just my opinion. Barry