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To: Gary Burton who wrote (55236)	11/22/1999 6:12:00 PM
From: Fun-da-Mental#1	Read Replies (1) \| Respond to of 95453

I agree. The major market indeces have tripled over the last 5 years. Almost every time that's happened before there's been a crash or severe bear market. Examples: NYSE 1929, 1937, and 1987 HANG SENG 1997 Counterexamples: NIKKEI tripled between 1982 and 1987, then continued to increase another 50% up to 1989. We all know what happened after that. Fun-da-Mental

To: Gary Burton who wrote (55236)	11/22/1999 7:04:00 PM
From: Area51	Respond to of 95453

Seems like a fair amount of negativism for one disappointing day. (to be fair most of the negativism was not directed at OSX ?) I see some positive signs as well: (1) DO and RIG both had their 13 day ema cross over the 50 day ema today. Both are on MACD buys per clearstation: clearstation.com (2) OSX chart looks OK (maybe due for some consolidation): clearstation.com (3) The fundamentals for oil are better than ever IMO. With last years price action do you think there is near the motivation for OPEC cheating as there used to be? I think Venezuala was one the biggest cheaters in 97 - 98, but now appears to be one of the strongest proponents of maintaining quotas. Does anyone want to produce significantly over quota, when they already know that as a result that they may reduce their income by 40% plus? (4) GOM rig counts looking good. B2K is a real possibility IMO.