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To: GREENLAW4-7 who wrote (72765)9/9/2000 3:54:23 PM
From: in_outdaily  Respond to of 95453
 
Greenlaw;

I don't believe the OSX is going to break below 133 despite an adverse API report. If it happens, I would expect a v-dip to 127/128 as a worse case scenario, and that would be knee-jerk reaction...

Reasons?

Look at all the publicity surrounding oil/gas. Everywhere you turn, you can read about the high prices of oil products and shortages that are starting to show up. Even worse for an OSX bear is the fact that the pros are predicting serious shortages in the upcoming months.

Be nimble sir; any further downturn will brief in the near term...

My 2 cents

Bill