MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Haim R. Branisteanu who wrote (4249)	1/19/1999 5:42:00 PM
From: Zeev Hed	Read Replies (1) of 99985

Haim, you are absolutely tight about market "anticipating" such moves. However, I still have a basic problem with seeing deflationary pressure deflating (I should say, abating), that is why, I am not yet too bullish on OIL. A secondary problem is that after a very strong move up around here (maybe all the way through the middle of February?), I am afraid we may have a good sized retrenchment (but I do not "see yet a real bear)", near the bottom of such a retrenchment, I would look at the relative strength of oils to see if it is time to jump. Your screen does not bring up many oil companies recently, and I think that your screen is pretty good. Zeev

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