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To: SliderOnTheBlack who wrote (43759)5/3/1999 12:16:00 PM
From: The Ox  Read Replies (2) | Respond to of 95453
 
I'm showing oil at $18.82 with an early pop over $18.90. Very impressive. Looks like the futures traders are becoming "believers".

Stay nimble if your scalping/shorting for points. I think it's too early to be loading up large short side positions. The trend is still our friend.

Michael



To: SliderOnTheBlack who wrote (43759)5/3/1999 12:35:00 PM
From: Gary Burton  Respond to of 95453
 
EW status--By taking out fridays' high print, the odds have improved significantly that 80 will fall on this move, a key resistance point. I am therefore changing my count to say that the most likely count now is a thrust into the 80's by Wed am and that 77-78 may become the near term floor, rather than resistance. I call em as I see em!


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