Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Razorbak who wrote (2278)	3/22/2001 6:29:46 PM
From: The Ox	Respond to of 23153

futuresource.com I was looking at the above monthly crude chart. It would seem that we are near a critical point with respect to crude futures. A continuation of the downtrend would seem the most likely scenario based on the chart, into a lower trading range of about 18 to 28, instead of the current 26-36 range. However, one would assume that OPEC and other producing countries can see the same pattern forming. As to the OSX, I think we saw a very positive response from the market today. I agree with those who have said that money may head into some of the fallen stocks from the patch when/if the rebound rally starts. I still think there is plenty of support for the OSX in the low teens and today's retrace from this mornings selloff maybe indicating the same theme. EDIT: here's the weekly chart for reference futuresource.com PS> Roger that, Razor..... Should've just kept my fingers quiet and my thoughts/disgust to myself.