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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (16636)	1/28/1998 8:59:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Judy- OSX I just want you to see that 85 is a traditional good support and I will watch this index carefully if it breaks 95- I see a possibility of drift to 85 but I remain bullish as SPA tests 980 we may see OSX taking out my 103 resistance I will be looking somewhere around that area to go long but I am very keenly observing it- for two reasons one I like to see Oils moving alongwith others beaten down sectors and second from a macro point of view renewed weakness in Oils will result if commodity Oil goes thru 14$ mark if this happens I would like to see the negative impact it may have on first quarter profits. Oil demand slowdown big time and break of 14$ is bad news a very early indicator of trouble across in second quarter.

To: Judy who wrote (16636)	1/28/1998 9:34:00 AM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 50167

Judy; RE:" OSX.X Drillers " it is not clear that oil drillers have seen bottom yet. Previously the drillers moved in the same direction as the price of oil, today the price of oil surged and drillers did not respond positively. When all the short covering is over, the stocks will continue to float down unless value buyers step in. And no one knows when they will step up to the plate. I suspect fundies will wait for confirmation and validation ... ...agreed. Sadaam Blip does not a Base make. -Steve