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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (41802)7/15/1999 11:26:00 PM
From: drsvelte  Read Replies (1) of 94695
 
"I just read that that petroleum prices are back to where they were in Oct 1997... and we all know what happened the 29th!"

Bill, I don't think the 29th was at all related to oil prices. In fact, in the Fall of 1997 oil was beginning to soften with the economic downturn in Asia. Then OPEC declared a 10% increase in production! Check your CRY0 index on TC200.

I believe you are right, the big one could come at anytime, but I think in a direction contrary to expressed here.
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