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To: Lucretius who wrote (16222)3/23/1998 9:39:00 PM
From: Judy  Respond to of 95453
 
Boy LT, I sure hope you're right. I have every reason to want to believe this is the turnaround we've all been praying for. But, I wonder how many others on the thread were a little surprised and maybe disturbed as I was by the day-long CNBC questioning commentary and lack of confirmation from the bond market on our rally today. So many people don't take OPEC's "agreements" seriously. What signals should we be watching for other than TA on our own stocks? Do we need to see sell off in bonds to indicate oil prices are indeed seriously rising? Thanks for your input.



To: Lucretius who wrote (16222)3/23/1998 9:43:00 PM
From: Broken_Clock  Read Replies (2) | Respond to of 95453
 
OK LT, I'll take the bait on this one. My interpretaion is different. I think there's a ggod chance(better than 50/50) that traders sold into strength and the shorts will descend like a horde on us tomorrow or Wed. NE closed below the resistance line(31 was key on the last break out attempt, right?). It's still got a great uptrend channel going but I think earnings or some other news will kick us back up in another 5-10 trading days.

I also think "bullish hammers" happen on the bottom of downtrends.

Maybe I'm just feeling poorly from the flu I got last week...dunno, but i think we're gonna go down for another dunking. And I HOPE you're right and I'm wrong. I'm starting to feel beebled....

PK