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To: quehubo who wrote (12189)8/15/2002 8:28:35 AM
From: GREENLAW4-7  Respond to of 206207
 
Q the current rally should be sold into based on historical data. OSX bottomed below 50 in 98, I believe this time we will stay low for a much longer period of time based on 2 factors: Russia and Iraq. When we attack Iraq, which I believe is imminent, we will get a spike in OSX probably to the 70-80 area. The problem is what happens after we take control of Iraq. Our presence in the region which will finally happen after the attack will put a lid on OPEC and may even break it.

OSX looks like a TERRIBLE long trade over next 2-3 months. I wish you and other longs luck, but if we sustain the 82-85 level I will have no choice but to short again..LOLOL