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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (1521)	3/7/1998 12:12:00 PM
From: wizzards wine	Read Replies (1) of 34811

Good Morning Jan, Nice thoughts.... Headline news in Houston, "Oil prices continue slide as $12 per barrel foreseen". Predicting that between now and June prices could fall another $3 per barrel. Also citing the some independent oil and gas companies budget cut backs. Most look for recovery buy mid to late summer if the prices fall further. If Oil prices fall further for the short term, would it not be possible to find some airlines with strong FA that are not exposed to Asia that should profit next quarter from these falling prices? Second, with the "Oil service sector" stocks so up and down and the fact that even though they should not be tied to the price of oil they seem to react in tandem, this sector looks like its in for more rough times until oil trends up. Your or others Thoughts? Thanks Preston P.S. Not trying to cause problems!!!

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