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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 684.45

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To: James F. Hopkins who wrote (83615)	1/3/2003 2:27:09 AM
From: Tom Pulley	Read Replies (1) of 99985

I hope you are right and the NDX is up 18% this year. I think that is much more bullish than the consensus forecast which is good since the consensus is rarely correct. As far as your comment.....for my outlook to come true..oil prices will have to fall, which I think they will.; I think that is a very good bet. Overall supply/demand does not currently support high oil prices. It is all a function right now of Venezuela and Iraq. Venezuela should be back on production in a month or so as one side or the other will give in soon. And Iraq should be settled in a few months. In fact, I need to find a good volatile investment vehicle to short that moves up and down with oil prices. The big oil stocks are not always directly correlative, but there should be some small ones that would work. If anyone has some suggestions, let me know. Tom

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