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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.53

+0.2%

Dec 2 4:00 PM EST

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To: bobby beara who wrote (43782)	3/21/2000 7:49:00 PM
From: Terry Whitman	Read Replies (2) of 99985

I just noticed that oil is now back under $28- When it hit $32, they were organizing boycotts and protesting in the capitol. Everyone was trading their Suburbans in for Hondas. <g> I suspected we may see a top in oil soon when it hit $30- from sentiment alone. The charts were looking toppy too. This oil slack has given a huge boost to the industrials and transports. I suspect it will not last too long though. Enjoy it while it lasts, I guess. I'll be watching for some signs of renewed complacency on oil. >Crude Oil(NYM)(Access) May 27.71 You buying the breakout in the SPX?

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