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


To: Tunica Albuginea who wrote (70937)3/1/2001 6:14:49 PM
From: J.B.C.  Read Replies (2) | Respond to of 99985
 
Fuel prices are breaking support in all arena's. The stocks themselves are starting to back-off their highs, from an overbought position. They should correct from here. It may be short lived, I don't know but I wouldn't be putting any money into the sector right now.

JMHO
Jim



To: Tunica Albuginea who wrote (70937)3/2/2001 3:28:45 AM
From: DukeCrow  Respond to of 99985
 
A weaker economic environment reduces demand. OPEC is already considering production cuts to keep supply in line.

Ali