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

To: James Strauss who wrote (55247)	6/25/2000 4:45:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 99985

Jim, I thought the bears which are wondering when the world will run out of oil may be interested in what Yamani says: telegraph.co.uk He predicts a crash in the price of oil in five years (he really think that a hydrogen economy will take hold in five years, I would like to have some of what he takes <g>. Zeev

To: James Strauss who wrote (55247)	6/25/2000 8:20:00 PM
From: eichler	Read Replies (1) \| Respond to of 99985

Jim, Thanks for the extra links. Using the interactive charting service available on those pages, I was able to see fast and slow stochastics for those charts. It certainly appears that a bottom is nearing, if you are not correct in thinking it has possibly already occurred. Just drawing a simple lower trendline connecting lows, extrapolating a possible near term target to the downside, it appears WCOM could still go to the 30-35.00 area. I would expect a good bounce from that level, barring market melt-down. Daily chart still looks negative, I personally would look for a little more downside from here, maybe a bargain around $32.00. A chart to watch for sure. Thanks. Eichler