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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (6849)	1/28/2002 6:31:55 PM
From: isopatch	Read Replies (1) \| Respond to of 36161

Paul. Really don't know. AFA downside? Don't usually set price targets. Whenever the evidence is indicative of a low, I'll be satisfied with whatever the price is at that time. Know most people don't use that approach. But I've found it works a lot better for me (vs many years ago when I worked with specific price targets). Looking for a correction soon. Agree with Terry Whitman on SA II that we probably get a rally starting maybe a few days after the Fed announcement. Then down. But wouldn't call myself a bear. Don't see much downside in the energy sector which is where I've always done most of my work. At worst? A test of the lows. But doubt we'll even get that. Am pretty confident that some of the better energy stocks have seen their lows for this cycle and it would be wise to carry at least a few moderate size core positions, and filling them out during the next market correction. Isopatch