MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.43

+1.6%

4:00 PM EST

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To: TimbaBear who wrote (26315)	9/19/1999 9:37:00 PM
From: Jerry Olson	of 99985

TB while i agree things will need to sort themselves out here near term.. i'll bet we've pretty much seen the highs in OIL..just on a technical basis...On P&F this chart is ballistic..it's straight up... we'll see a nice retracement soon..maybe right after they try to jawbone it higher next week... i have never thought that the price of OIL was inflationary, because of the benifits it provides to those countries that sorely need this revenue... as well domestic co's that have suffered for so long..their rebound has helped the economy...low oil prices have a deflationary effect...<G>...

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