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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Ibexx who wrote (10044)11/19/1997 8:33:00 PM
From: Haim R. Branisteanu  Respond to of 94695
 
Ibexx, the markets percieve that Iraq via Russia, will bring the US to it's knees and Iraq will flood the market with oil.

As a result, no rush to drill for new resources.

Haim



To: Ibexx who wrote (10044)11/19/1997 9:25:00 PM
From: William H Huebl  Read Replies (2) | Respond to of 94695
 
Hi Ibexx,

See my response to Alex Kwan.

In looking back at the chart patterns for 1996 and spring 1997 sell-offs, oil took a second dip which was worse that the first. That being said, I see a LESSER sell-off coming than has occurred before and only after a significant move up from here.

I hope that helps but don't hold me to it, please.

Regards,

Bill


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