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To: Thean who wrote (13075)2/27/1998 10:25:00 AM
From: marc chatman  Read Replies (1) | Respond to of 95453
 
April Brent up $.19 at 10:07am est, April light sweet crude up $.19 at 9:46 am. OSX support/resistance level was at about 103 previously. We got a bounce there today.



To: Thean who wrote (13075)2/27/1998 11:19:00 PM
From: pz  Read Replies (2) | Respond to of 95453
 
A BEARISH Case for Early Next Week

I added a chart of the OSX and a couple of comments on the OSX on this webpage.

users.abilene.com

Just looking over a few charts this evening and it seems that quite a few stocks gapped on Thursday. It is VERY common if not likely that stocks have a tendency to fill their gaps, or trade down to where they gapped up. Here are just a few I looked at.

OSX- currently at 103.350 would have to trade down to 97.890 to close the gap.

OII- currently at 16.56 would have to trade down to 15.75 to close the gap.

TDW- currently at 44.50 would have to trade down to 42.44 to close the gap.

GLM- currently at 23.31 would have to trade down to 22.38 to close the gap.

GW- currently at 4.44 would have to trade down to 4.25 to close the gap.

LSS- currently at 31.00 would have to trade down to 29.94 to close the gap.

I only looked at a few of our sector and I'm sure there are a lot more.

Food for thought anyway. Sure would be tempting to buy when they close their gaps...but certainly not before IMHO.

Paul