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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (26173)	9/17/1999 12:21:00 PM
From: Fun-da-Mental#1	Read Replies (1) \| Respond to of 99985

Oil has just come back to its long-term average level. Okay, maybe it's overshot it a bit, but coming back from so far down it's not surprising it's got momentum. People are treating this like it's an anomaly, but it's $10 oil that was the anomaly. Fun-da-Mental

To: Haim R. Branisteanu who wrote (26173)	9/17/1999 8:57:00 PM
From: Terry Whitman	Read Replies (1) \| Respond to of 99985

I've been telling people that higher oil and gas is here to stay. Most people nod, but I can see that they're not convinced. I'll bet you can buy some nice 4wd yuppiemobiles at a discount in another 6 months. The wife wants a (yuck) mini-van though. quote.yahoo.com Transports were a winning play today, but I didn't play them. I was busy taking actual delivery on 300 lbs of beef at 65 cents/lb. Me thinks we may have seen a bottom in the beef mkt. It's up to .69 since I ordered it 2 wks. ago. BTW- A common hedge play with the transports divergence is to go long the transports and short the Dow or SPX. History shows that the gap will close eventually, and you take profits then. You may have to be patient though. <g> You ever try that play? I have read that you can do it nearly every winter. TW