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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (27451)	7/9/1999 10:27:00 AM
From: IQBAL LATIF	Respond to of 50167

I would like to keep an eye on Oils if the Oils go above 20.50 I would think they can rally on to 22-25$ band in no time, as such I would think that protective SPU 1350's would be a great trade, markets has ignored this 6$ rise in Oil prices and although I am firm believer in unsustainability of this move I still think that inventory repports and markets at these highs can be rattled and we can see some sharp selling, keep an eye on Oils to pick a move down, also next time we see selling in BKX below 802 just raise your vigilance, TB yields and BKX will react to Oils and we will get some info from watching these indexes..