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To: BigBull who wrote (56756)	12/12/1999 1:21:00 PM
From: The Fix	Read Replies (1) \| Respond to of 95453

Bullish News from BBC......Oil tanker goes down off The French coast. The early report has over 30,000 Tons of oil on board. fIXER

To: BigBull who wrote (56756)	12/12/1999 1:46:00 PM
From: BigBull	Respond to of 95453

Tech Investors: The Handwriting is on The Wall. Wall Street is getting ready to pull the plug. Securities and Exchange Commission Chairman Arthur Levitt also expressed caution in a speech given late last week, warning people against investing in IPOs. He said the risk of losing money in the long run outweighed the allure of sharp initial gains. He added that investors who made IPOs a pillar of their investment strategy were taking an unwarranted risk. biz.yahoo.com

To: BigBull who wrote (56756)	12/12/1999 3:14:00 PM
From: Crimson Ghost	Respond to of 95453

BB: agree/disagree My take is that there is not much more downside on the OSX even if crude drops to $20-$22 as I expect. But I still think it may be awhile until we get a strong and sustainable upmove. A decent bounce yes, but a major upmove probably not. I do not expect much more capex even if crude goes to $30. That will be seen as even more unsustainable than $25. Capex will not catch fire in a big away until Wall Street and the oil industry are convinced that crude will stay north of $20 LONG-TERM. I doubt if they will reach this conclusion until these perceived "temporary" oil price supports -- Y2K and the refusal of OPEC to hike output until March -- are removed and crude reaches its new "equilibrium" level.

To: BigBull who wrote (56756)	12/12/1999 3:29:00 PM
From: Gary Burton	Read Replies (1) \| Respond to of 95453

BB-re your chart on crude--switch to a weekly chart rather than monthly. then start counting waves--the first wave went from 10.50ish to 13ish then back down to 11.50ish for Wave 2--after that I think we finished Wave 3 near 27 (it extended into 5 smaller subwaves along the way) and now I think we are in a Wave 4 pullback, leading soon to Wave 5 ending a bit above the current peak at 27ish---THEN 5 waves up from 10.50ish will look to me to be complete, implying that this would be the end of "A"---A drop should then result in giving back 38%-50% of the length of A--ie towards $20-22ish to put in a "B"---after that to be followed by a "C" wave into the $30's. my 2c----another wave type thinks we are already now in the B part with a 20-22 target, although I am inclined to think that the A Wave needs one more high to complete the pattern

To: BigBull who wrote (56756)	12/12/1999 3:46:00 PM
From: Donaldm	Read Replies (1) \| Respond to of 95453

<<$25 is last gasp resistance before a gimmie to the low $30's.>> Come on BigBull, what U trying to do? Statements like that will drive Ole Kudlow up the wall. I don't know if he can handle something like that, ....low $30's indeed! Donald