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To: GROUND ZERO™ who wrote (8464)11/13/1998 7:43:00 AM
From: Jerry Olson  Read Replies (1) | Respond to of 44573
 
Morning GZ

just looked at P&F on the OEX...

on the way up 545 was heavy resistance, we blew thru it easily...

we will have trouble breaking that on the way down...in P&F speak, 540 would be a 3 box reversal down and a sell signal..

i don't think we'll get there...and we have to print that number to post the sell signal....

I'm Still holding my DELL play...what's your pitchfork read as of the close yesterday...

thanks...



To: GROUND ZERO™ who wrote (8464)11/13/1998 8:30:00 AM
From: Brian Hornby  Read Replies (1) | Respond to of 44573
 
Thanks - I expect you are talking the Dec contract? In any case oil has generally gapped up and then been sold lately - though heating oil (and likely crude) put in a hanging man candlestick yesterday which is mildly bullish for a day or two. This means of course there was selling during the day, and then a retracement, which should carry into this morning at least.