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

To: Gersh Avery who wrote (40189)	2/13/2000 4:03:00 PM
From: bearshark	Read Replies (2) \| Respond to of 99985

It was posted by Les last night and I responded to it this morning. Venezuela, Saudi Arabia, and Mexico (I think they are the three) are meeting to discuss a slight increase in production in anticipation of the next OPEC meeting. However, it is clear that the U. S. has been chatting with them and some of the more hardline producers do not want to look like they are being nice to the U. S. That is about the gist of it. If oil prices do settle around $25, and then slip in a range from $20 to $25, I would change my thinking from a full blown bear to a correction. That is the other side of me that does not want the easy solution. I would prefer a savage bear market to present opportunities for myself.