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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (38143)	10/2/2002 10:18:26 AM
From: Logain Ablar	Read Replies (1) \| Respond to of 68892

Harry: Who would want oil and oil service stocks now. Granted odds favor a positive spike with IRAN situation but once thats over oil will drop like a stone. I think an Iran and Palestine resolution will occur soon. IF (risk of course) it is resolved then its a boon to the economy but a hit to the oil sector. Probably for a year or more. I'm not even looking @ oil sector. Also out of gold for a while now. I'm hearing so much doom and gloom (not on SI maybe but in the street) its leading me to assume we are close to a bottom (I assume intermeditate in this secular BEAR but the intermediate bottom can hold for 3 to 12 month rally. JMO of course