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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (1736)	5/24/2000 2:06:00 PM
From: John Pitera	Respond to of 33421

I agree it does look plausible, especially since I don't think we take out the near 35 dollar nearby contract high of March 7th. I think it makes perfect psychological sense for the spread to be this big on a 6 month interval even though we are at a lower price levels than early March. FWIW Jan edwards, Father was out in Reno with Tom D Myself and many of the other piffers on March 3rd-5th. Mr Edwards was adament that he wanted to short crude we were talking about it around dinner, Patrick slevin even went and go his Barrons to confirm the contract size etc. I told Tom and Mr. edwards I thought he had the right idea and the crude was a good short. so Mr edwards had it nailed pretty much..... -g-