Message-ID: <29133949.1075852726519.JavaMail.evans@thyme> Date: Tue, 23 Oct 2001 08:46:04 -0700 (PDT) From: john.arnold@enron.com To: mike.maggi@enron.com Subject: FW: Natural update Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Arnold, John X-To: Maggi, Mike X-cc: X-bcc: X-Folder: \JARNOLD (Non-Privileged)\Arnold, John\Sent Items X-Origin: Arnold-J X-FileName: JARNOLD (Non-Privileged).pst -----Original Message----- From: "Mark Sagel" @ENRON Sent: Tuesday, October 23, 2001 10:14 AM To: John Arnold Cc: Mike Maggi Subject: Natural update Just a followup to our phone call earlier this morning. Have begun to see short-term intraday topping patterns. Natural has reached its mid-range of price objectives. See no rationale for holding significant length here. Winter months seem especially high and most vulnerable to correction. The first hour's negative close produced a sell signal against today's high. Still too early to ascertain if this is the end of entire up move. Have targets into early next week, but mkt. has reached where it needed to.