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To: Broken_Clock who wrote (19843)	4/21/1998 1:49:00 PM
From: waverider	Respond to of 95453

>>At least I'm hoping SLB cam break thru!<< Once that happens, and I am convinced now that it will, we will be setting ourselves up for a very nice, long term rally. Rick Hydrocarbon

To: Broken_Clock who wrote (19843)	4/21/1998 2:03:00 PM
From: Chuzzlewit	Read Replies (2) \| Respond to of 95453

I consulted the hairy thing growing in my refrigerator, which confirms that the Dow will move! Unfortunately, the orange oracle growing on the second shelf did not indicate which way. I am loath to clean the fridge since I attribute VRC's strong moves to these miraculous fungi. I also haven't changed my socks since February (which may explain why I have been shunned in polite society)<VBG> Seriously, I do believe that funds are have been reassured about the small impact of low oil prices on the oil services sector, and I hope that this will serve as the impetus for some sustained upward movement relative to the S&P500 -- at least I hope so. The best of all possible worlds (if I may borrow Dr. Pangloss' phrase) would be continued modest oil prices ($15 - $18) with a renewed conviction on the part of the funds that the oil patch will be doing well in that kind of environment. If oil prices rise too much, the Fed is very likely to significantly tighten which could have a negative impact across the board (oil patch included) because of the increased cost of capital. I tend to stay away from stuff like gold. It has such minor industrial uses that it is probably best as a negative surrogate for economic confidence -- precisely the kind of thing I don't like to forecast. The street is heaving a sigh of relief with IBM's earnings today, which was probably instrumental in the techs continued rally. BTW, did you see my NETA fly today??? Enough of my musings for the day. TTFN, CTC