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To: Big Dog who wrote (25058)	7/1/1998 4:09:00 PM
From: Ronald J. Clark	Read Replies (1) \| Respond to of 95453

Quite a divergence in the performance of the OSX & XOI today! OSX up 0.24 (0.16%) versus XOI up 11.73 (2.51%). Anyone have an explanation?

To: Big Dog who wrote (25058)	7/1/1998 8:31:00 PM
From: mph	Read Replies (1) \| Respond to of 95453

Big: I haven't pegged you as a contrarian indicator before. Hopefully you're not going to pollute VRC since I already did buy that little gem after I sold my NE sometime ago!!!! mph

To: Big Dog who wrote (25058)	7/1/1998 10:33:00 PM
From: Broken_Clock	Respond to of 95453

Call this one "Good news/Bad news", too. I received this update from PEI today. ALSO, the midweek update from Noesis says all is status quo with the refiners altho gasoline imports are up, suggesting to me that there is a discount to be made by holding onto the $12/13 oil in the storage tanks and buying cheap imported gasoline for now. In other words, the USA refineries are squeezing us by buying cheap gas and not lowering the price at the pump, meanwhile holding the tanks full for the time when oil turns back up. "Quite a few of you are now familiar with our Global Market Watch and are taking advantage of the current FREE TRIAL of: World Share Markets, Bond Markets, Foreign Exchange, Metals, Energy, Agriculture, not to mention analysis of individual stocks included in the Industrials, Transports, and Utilities. This trial won't last forever, so make the most of it while it lasts. Go to our Web Site (www.pei-intl.com), click on MAIN, then scroll down to MARKET WATCH. Under MARKET WATCH, click on Global Market Watch. Here's an example of how you can use the Global Market Watch to help you in your investments. One client who subscribes to our monthly report, "The World Capital Market Review" asked why Schlumberger is indicated for "POSSIBLE CRASH" while OIL appears to be bottoming out in line with our Economic Confidence Model Turning Point of July 20th. The most obvious possibility that comes to mind is that perhaps OIL has more downside in the next few weeks. Subscribers to our Daily Oil Report will know that until Nymex Crude closes above 16.84 (nearest futures) on a weekly closing basis, it is still vulnerable to a continuation of the recent sell-off. Our Timing Models show that next week Nymex Crude is indicated for DIRECTIONAL CHANGE, HIGH VOLATILITY, & PANIC. ( read about our Timing Models under MODELS on a web site). What does it all mean? If Nymex Crude (nearest futures) manages to close the week above 16.84, then the PANIC indicated for next week may be "Panic Buying". BUT failure to move higher by the end of this week may indicate that next week marks a resumption of the recent downtrend....ie "Panic Selling." If you are interested in establishing a longerterm postion in OIL stocks, you may want to wait for a few weeks to see whether Nymex Crude establishes a secular low in July. "