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


To: bearshark who wrote (39873)2/11/2000 8:18:00 PM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 99985
 
bearshark, >> If we reach $30 and the media picks up on it, a more immediate action probably will be taken. If we get to $35, I think the U. S. Government will view it as an economic threat.

My last post was an attempt at a little humor. The governments obviously do not care if prices go high, all they want to do is find scapegoats since they believe the public is not very bright and will believe any rhetoric they spew out of Washington.

On a more serious note, I have been watching a couple of oil company stocks to reenter at these low prices. It seems that the street does not think that oil prices could go higher. To say the least, it is getting interesting.

Joan