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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 672.07-1.7%Nov 13 4:00 PM EST

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To: Zeev Hed who wrote (55248)6/26/2000 10:34:00 AM
From: James Strauss  Read Replies (1) of 99985
 
Slick Theories...
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He says: "On the supply side it is easy to find oil and produce it, and on the demand side there are so many new technologies, especially when it comes to automobiles." Yamani believes that automobile engine technologies including fuel cells - which can produce electricity by combining hydrogen from a variety of fuels with oxygen from the air - will drastically reduce oil consumption and that,
in the longer term, no one will need oil.


Zeev:

I'll have whatever he's smoking... : >

While I agree that the technology is there to eventually replace gasoline, the economic powers to be (oil and auto companies) are not about to kill the golden goose just yet... Imagine what it would cost to re-tool all those automobile engine assembly lines... The oil companies would have to convert their product to hair tonic... : >

While I'm 100% for alternative fuel sources, I also understand the real world barriers to getting those energy bundles to market...

A very nice pop in the NDX this morning...
bigcharts.com

Both Short term Williams %R and Stochastics are strong...

Jim
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