John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Terry Whitman who wrote (4297)	7/17/2001 12:48:13 PM
From: Raymond Duray	Read Replies (1) of 33421

Hi Terry, Be careful about getting emotional with your trading. Sound advice. Thanks. . I'm siding with JP. I think a good buying opportunity in the oils is in the cards. Ah, yes, TA gastromancy. Got to admit I'm not much of a chartist. I'd love to believe that it has merit, but I seem perpetually stuck with trying to secure actual hard data and facts upon which to base my investment decisions. I like the Buffett view that over time, the stock market is a weighting machine. Taking a temporary roll of the dice on something like a TRU for the hope of a dead cat bounce just doesn't have a lot of appeal here. :) Over the next couple of years, the patch will be going into its typical phase of shrinkage, because there's a temporary glut of product. Or at least so it would appear from the macroeconomic data on worldwide business activity, and current levels of E&P activity. OTOH, picking up TRU in September might be something I'd consider, just based on the weather... Best, Ray :)

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