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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (15504)11/22/1999 6:50:00 PM
From: Bucky Katt  Read Replies (2) of 57584
 
Rande, last week I mentioned CRUDE OIL, when the Jan Futures were 23 bucks, today they crossed 27 per. RUMOR on the street is IF crude continues to rise, the FED may raise again. I don't know what this will do to the markets, but todays advance was narrow, especially on the NYSE.

I see how they can play this, and it boils down to blaming a market dump on the crude rise, and of course also slamming Iraq, so they by default become the scape-goat.
If crude passes 30 bucks and it sticks for a few weeks, all hell may break-out.
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