MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: pater tenebrarum who wrote (29484)	10/13/1999 10:30:00 PM
From: Rick Hay	Read Replies (3) of 99985

hb, I noticed coffee futures shot up 20-25% today. Is there some way one can confirm that commodity hoarding has begun in lieu of the Y2K (non-event for big Al <g>). There must be some consumption verses price charts somewhere for wheat etc. I did notice that oil reserves are down now to 300,000 million barrels. Last time we had this level we were faced with a $26 / barrel oil price. At today's price I consider it a HUGE undervalued bargin which I'm sure the difference will be made up shortly. To bad I can't buy oil futures call contracts. Regards, Rick Hay

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