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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (23821)	2/25/1999 7:35:00 AM
From: Neil H	Read Replies (1) \| Respond to of 50167

IQBAL Just took a small position in SLB at 48. Risk rewards look good. Anticipating YE increase in oil prices and market moving 3-6 months earlier. Has the feel to me of AMAT last year. No one wanted it and it was going broke. But it is the king of the industry and the kings take hard times to consolidate so they are even more dominant on the next upswing. Regards Neil

To: IQBAL LATIF who wrote (23821)	2/25/1999 11:17:00 AM
From: James Strauss	Read Replies (1) \| Respond to of 50167

The Seesaw Market... ~~~~~~~~~~~~~~~~~~~ Just when I was getting excited about the long side of the market it decided to go back to its old bad breadth ways: quote.yahoo.com Perhaps Mr. Greenspan has spiked the market's bottle of Listerine..: > In the blink of an eye New Lows are soaring above 40 again... decisionpoint.com The McClellan Oscillator failed its test at the 0 line: decisionpoint.com We continue to be locked in a Dow trading range between 9600 and 9100... If this decline today holds, the Dow will drop below its 10 day MA... There is support on the 50 day MA at 9250... The chart of the Dow and S&P looks similar to the way it did last spring before the market broke its supports... quote.yahoo.com^DJI&d=1ys Note a slightly lower high than the previous high... While I'm rooting for the long side, it looks like the short side is grinding away at the market internals... Add to this the background of yesterday's Greenspeak, and you have a market with a flat to downside bias in the short term... Jim