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To: Roebear who wrote (32385)12/3/1998 8:47:00 AM
From: Gary Burton  Read Replies (3) | Respond to of 95453
 
Support Levels on charts, based on momentum:---SLB 38.63-40.25---BHI 12.75-15.50---NE 8.63-10.06----ESV 7.63-8.31---RDC 7.38-8.12----GLBL-4.13-4.63--SCSWF6.38-7.06--RIG 18.50-21.75--DO 17-18.88---WFT 11.63-14.13---VRC 3.50-3.94---BJS 9.31-9.75--FLC 6.25-7.00---PGO 9-11.50--PDE 4.50-5.19--HAL 21.38-22.88--------The latter support levels are based on momentum of the prior wave down plus the momentum of the prior wave back up and the momentum of the current wave down and assume that the old lows are taken out (as they are starting to be). They represent Custer's Last Stand where the stock usually tests in order to see if it will reverse if a low is to be made near term. If they get through such support, then they often accelerate to the downside from there. Traders with Advanced GET software are watching these levels. Note that SLB is very close to it's key support area.