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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Vendit™ who wrote (4039)	1/20/2005 5:15:01 AM
From: Walkingshadow	Read Replies (1) of 8752

Hi Reid, Oil futures seem determined to proceed in orderly fashion. Look at the pullback over the last 3 sessions: futuresource.com Looks to me like support at $46 represents a likely reversal point. Alternatively, oil could consolidate at $46 or just above for a while. Once the uptrend resumes, that will not help the stock indices of course, but will tend to play right into the hands of the medium term correction that we both anticipate will continue. The dollar has been been showing distinct signs of life for a change.... seems to have found a bottom: futuresource.com T

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