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To: Czechsinthemail who wrote (6718)1/6/1998 1:35:00 PM
From: Lazlo Pierce  Respond to of 95453
 
Well. the first thing we need to do, is try to maintain the OSX lows from Xmas Eve I think it was, where the OSX was ~ 98, now hovering ~ 99.8. It seems we've been saying THIS time its the bottom too many times to have ANY clue. Good Luck all. I had A day order on FGII @ 22 3/4, that I cancelled, due to thinking it may continue. Hope I'm wrong.

Dave



To: Czechsinthemail who wrote (6718)1/6/1998 1:36:00 PM
From: Thean  Respond to of 95453
 
The support on crude is $16.5. We may get a bounce today but I think people are taking into consideration a more prolonged 14-16 range for the next three months, then maybe go even lower.

If we have the drillers close on a somewhat positive uptick today, we may see some buying in the first half hour tomorrow. That may be a window of opportunity to lighten up.


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