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

To: pater tenebrarum who wrote (38122)	1/26/2000 3:39:00 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 99985

heinz: Looking more and more like the top is in. Very constructive bond market action tells me the Fed probably will hike 50 bp next week. And NDX still much weaker than the overall market. I am far from a super bear, and do expect a strong rebound in value stocks later this year. But I can easily see NDX dropping another 20-30% over the next few months and the Dow revisiting 9500-10000. .

To: pater tenebrarum who wrote (38122)	1/26/2000 6:51:00 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 99985

hb, Those are two very interesting articles, thank you for pointing them out... I understand that the peak of oil field discovery was in the late 50' and early 60's, about 40 years ago, and has since declined... and the peak of production is now.... therefore, world oil production will be in a permanent decline by 2010... I can't imagine that we even approached the peak in oil consumption as yet... this spells grave problems along with significantly higher oil prices down the road... the consumption curve will rise as the discovery and production curves fall..... yikes!!! I'd better fill my tank this weekend.....<g> GZ