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To: Alski who wrote (7632)3/4/1999 2:26:00 PM
From: Thean  Respond to of 14427
 
Did anyone has his/her bookmark at SI automatically wiped out? The action today tells me the big techs are not done correcting yet. Tomorrow's labor unemployment number will be the driver for the bond market.

Drillers - perfect synchronization with oil price. Their rally shall quickly dissipates should oil prices drop. The trend is up for now. But they have moved 10-15% move in 2 days. Without further oil price appreciation, their technical bounce is about done, IMO.

SPNSF - Sold off yesterday to the midline BB but bounced back today. If tomorrow we don't get a broad base panic selloff, SPNSF can continue to move higher.