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To: Nello Filippone who wrote (60333)2/15/2000 2:58:00 PM
From: SliderOnTheBlack  Read Replies (1) | Respond to of 95453
 
Galvin did a 180 spin then... (I missed it - just got back).

Anyone else noting that "Bubblevision" (the phrase coined by Bill Fleckenstein for CNBC) - and the media pundits are all most softselling-leading the market from tech to value plays and Oil's ?

That's all I am seeing today...

This market shifts in an uncanny unison; I sense the shift coming and these "sources" oft quoted by the talking heads are now "setting up" the market to not panic; but to be prepared to shift from tech & hi flyers to value & Oils.

Listen for the footsteps - they're coming...

Galvin could not have been more negative on Oil's just 2 weeks ago. That is a powerfull turnaround. Word must be leaking that OPEC "AINT" going to do a Jakarta repeat...

If they are smart, they should poo-poo Richardson & Co that they know that crude prices here are not sustainable, that the speculators (Free markets !) have control of prices - not them ! & that just as the speculators couldn't hold crude oil down at $8, they won't be able to prop it up at $30 either... They should "sell" Richardson on the fact that the Glut has NOT been fully removed and that they can not afford to announce any wavering in present output; because the speculators surely would take crude back down to manipulated levels that OPEC finds unacceptable; then give him some gold jewelry, 15 min with the harem & send him back home to Bill...

I think $30 Brent is the OPEC benchmark - $3 above, below is the acceptable "Band" - $27-$33 Brent.

UPR's got the breath of life back in it on BIG volume - Hooo Rah! & BSNX doing the whamo bounce - FST not bad... we are turning.

Is XTO doing an impersonation of petrified wood, or what ?
C'Mon allready... it's about to become THE laggard here - whodathunkit ?