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To: Gary Burton who wrote (56980)12/15/1999 2:35:00 PM
From: Richard D  Read Replies (1) | Respond to of 95453
 
Gary, is the "tanker watch" available publicly on the Net? I'm glad you posted it. You can't have too much information. Perhaps it explains why oil has had such a muted response to the API's. I think it's a little presumptuous of DLJ to predict a bearish band the day after those API's. I'd like to see their track record so far. B.S. can fool people short term, but in the long run, the truth is revealed (the crass version of Lincoln's quote "you can fool some of the people all of the time,...."). The majority of the Street has had no faith in the OPEC story and $23+ oil, and they have been plain wrong. My question is: is the DLJ report more of the same? These brokerages are notorious for revealing useful information to the public late, though just in time for them to profit (ie. after they've made the appropriate investment or sale.) I personally trust them no more than I do Clinton <g>.

Regards,

Richard



To: Gary Burton who wrote (56980)12/15/1999 5:54:00 PM
From: BigBull  Read Replies (2) | Respond to of 95453
 
Gary, Crude (near month) seems to be tracing out a bullish triangle continuation pattern here. What crude price would cancel your previous count?