Message-ID: <15164914.1075857588871.JavaMail.evans@thyme> Date: Wed, 4 Oct 2000 01:14:00 -0700 (PDT) From: john.arnold@enron.com To: msagel@home.com Subject: Re: Natural update Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: 7bit X-From: John Arnold X-To: "Mark Sagel" @ ENRON X-cc: X-bcc: X-Folder: \John_Arnold_Dec2000\Notes Folders\Sent X-Origin: Arnold-J X-FileName: Jarnold.nsf 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" on 10/03/2000 02:29:47 PM To: "John Arnold" 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