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To: Crimson Ghost who wrote (32044)11/23/1998 3:45:00 PM
From: RealMuLan  Read Replies (1) | Respond to of 95453
 
BLOCK TRADE - Baker Hughes 100,000
at 19-5/8, off 13/16, crossed by Lehman Brothers

BLOCK TRADE - Baker Hughes 200,000 at 20
off 1/2, crossed by Lehman Brothers

Did these big boys initiate short or just sell long position? Either way, don't hold your breath about OPEC meeting.



To: Crimson Ghost who wrote (32044)11/23/1998 4:19:00 PM
From: marc chatman  Read Replies (1) | Respond to of 95453
 
<<Looks like those buy signals last week were bogus or at least premature.>>

Not necessarily. If you check the last couple of turning points, there were a few days of churning at the bottom before a two or three day burst straight up. It's hard to believe that the DJIA will hit 10k in a couple of days while leaving the pitiful OS companies far behind.

But I won't be playing this for a turn. I don't believe in this type of stock market. It reminds me now of the markets in places like Singapore and Hong Kong, where the markets are essentially glorified casinos.



To: Crimson Ghost who wrote (32044)11/23/1998 5:01:00 PM
From: Les H  Respond to of 95453
 
The 21-day stochastic buy signals on SLB and HAL havn't been confirmed by the 12-25 MACD yet. The MACD looks to have flattened out and may confirm with a buy signal later. In the September and in October stochastic buy signals, there was a double dip in that indicator before the second breakout.