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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?


To: Rich1 who wrote (963)11/6/2001 12:27:42 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 23786
 
You think we stop at $16? I think we could go lower. Bearish Catapult.
stockcharts.com

Russia and China are going to jump on the unrest in the ME and use it as an opportunity to open up the taps on their oil and put a dent in the ME dominance. Coupled with weaker demand, the price will keep going down. In response, the ME countries will have to lower their prices to try to stimulate demand and to compete with Russian and Chinese oil.

All in all, this could be very good for our economy.