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Enron Mail |
Mark:
Let's keep the present system for the short-term. I would like to continue looking at your work for another couple weeks. We'll talk later, John "Mark Sagel" <msagel@home.com< on 10/03/2000 02:29:47 PM To: "John Arnold" <jarnold@enron.com< cc: Subject: Natural update John: ? The price behavior of the past couple days has been disappointing.? My short-term market patterns suggested a more robust price rally and natural appears to be waning at present.? Volume on this rally is poor, particularly since yesterday was a decent day to the upside.? The market appears to be using a lot of its energy but spinning its wheels.? If we are at these same price levels in another two weeks, that would be extremely bullish.? Right here, the risk/reward to being long is not so great.? Recommend a neutral stance short-term on natural.? Bigger picture is still very bullish.? However, this market needs another 1-2 weeks of what I would call horizontal price action to set the stage for a big move to the upside. ? Let me know if this stuff is useful for you.? I certainly don't want to waste your time.? In addition, if you prefer I call when I have something to pass along, let me know.? I don't know how often you check/see your e-mail.? Thanks, ? Mark Sagel
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