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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: The Perfect Hedge who wrote (4966)1/30/1999 12:15:00 AM
From: epicure  Read Replies (2) | Respond to of 99985
 
yes- that is why I am way over-weighted in oil. It may not be the bottom, but it sure looks like a bottom. I think the risk is worth it.



To: The Perfect Hedge who wrote (4966)1/30/1999 12:28:00 AM
From: Jorj X Mckie  Read Replies (1) | Respond to of 99985
 
Hi Beebs,
Just looking at the P&F chart for the OEX and it pretty much confirms that it is one box from a triple bottom. Sector still far from healthy, but doesn't look bad for a bottom fish.
JXM