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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: PuddleGlum who wrote (10020)	11/22/1998 8:52:00 AM
From: wizzards wine	Respond to of 34811

Morning PG, ICOS one of my faves!!! when I learned the Mr. Gates was buying in late in 96 I hopped on board...Not understanding P&F was painful, but ICOS is nice to me now :-) On the energy sector, oil prices will likely stay below $14 unless war breaks out somewhere...As the Cambridge Energy Survey was looking for 98 to grow by 1.1 million barrels per day and it's only up 400,000...and the 99 forcast was growth of an additional 1 million barrels per day and has been recalculated to 2-300,000... Thus the total growth for the 2 year period is about 6-700,000 and the outlook and forecast were for 2.1 million...That's about 2/3's TOO much OIL in the flow... It will take a couple of years to work that off, and some economic growth to boot... JMHO Later Preston