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To: Zeev Hed who wrote (5341)3/17/1998 11:21:00 PM
From: SnakeInATuxedo  Respond to of 14226
 
*OT* Looking back at the "flush-out" bottom oil made just under $10 back in '85 or '86 might give us some clues to how history may repeat itself this time. As I recall, it was a pretty quick spike, then we were back to $15 where it built a base for a while. I've lost my long-term chart of oil that goes back that far, perhaps someone else can fill in the details.



To: Zeev Hed who wrote (5341)3/18/1998 12:06:00 AM
From: JACK R. SMITH JR.  Read Replies (1) | Respond to of 14226
 
Zeev,

We all shake for our own reasons, and particularly when whe are told in an inner way that the market is near a bottom or top and conventional wisdom and the "experts and gurus" prophesy against us. Take heart, when this happens, most "gurus and conventional prophets are clearly wrong"!! Still, it is not easy to go against the crowd, but that is what we must do here! Time will tell if we are right or wrong, or broke or rich!!

Gutsy, Jack, and perhaps poor Jack!!!