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Philip,
Can you attach a chart?
Ian
>From: Philip <pschmi02@xxxxxxxxxxx>
>Reply-To: metastock@xxxxxxxxxxxxx
>To: metastock@xxxxxxxxxxxxx
>Subject: March Crude
>Date: Thu, 13 Jan 2000 21:30:13 -0500
>
>Sorry to butt in with a stupid question about price action, but did
>anything
>occur to you about today's bar in the March Crude:
>
>Does anybody else get the impression the market's saying it had some second
>thoughts about higher ground? Doesn't it look like it reached up, but ran
>out
>of gas? Look, it gapped higher from yesterday's close (although not over
>yesterday's high) headed north, blithely bidding farewell to the last swing
>high, and then . . . just sorta ran outta buyers, I guess.
>
>Or maybe it's just the folks who got in at 23.50 expressing their gratitude
>to
>all the merry souls who shorted on the post-Christmas sleigh ride (12/28)
>down
>from 26.00. There are just under 2000 contracts fewer now than there were
>on
>Monday. So somebody hit the road and hasn't come back. Know what I mean?
>What
>I'm trying to say is maybe it's not new strong red bull's blood that caused
>the
>run up. Would that qualify the move as a last gasp, as opposed to a
>"genuine"
>resumption of the trend? Maybe the buyers were actually just weak hands
>running
>for the life boats.
>
>Heck, guys, I know it's not a Metastock-related or even an
>indicator-related
>post, but don't you find yourself looking at plain ole price sometimes?
>What's
>a fella to do?
>
>Philip
>
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