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To: Stoctrash who wrote (22996)5/28/1998 4:51:00 PM
From: Broken_Clock  Respond to of 95453
 
I told you guys yesterday at the end was fund buying and you see it again today. We're going up till opec. I see osx testing 122 again.



To: Stoctrash who wrote (22996)5/28/1998 6:12:00 PM
From: MonsieurGonzo  Respond to of 95453
 
Robert; RE:" Key reversal in the OSX today...."

Yep! Big-time Hammer Candlestick on the OSX.X and lots of Morning Star reversals on the individual stocks.

CL98N futures have been flat for last few sessions... makes me think that - if the price of crude would just stabilize - the general tendency of the OIX.X and OSX.X indices would be to go up. If crude actually started to move up - wow - the OSX would go ballistic.

The OSX.X index fell through the last UpTrend line (at ~102) on my chart today; still, I couldn't see the sector going down any more without at least some kind of technical correction, with the price of crude stable and all.

>looks to be headed back to 108 - 114 area...

...would love to see that (^_^) The 106-107-108 area is a key resistance level on my OSX.X chart. I'm holding July 105's, 110's and 115's bought down on the fall from 109-to-103.

-Steve