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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (752)	12/7/1998 1:42:00 PM
From: HiSpeed	Read Replies (1) \| Respond to of 99985

Re: oil stocks - could be technical move; rumors of production cuts (again ;-), also the M&A activity could be good for a few points. jmo

To: HairBall who wrote (752)	12/7/1998 1:53:00 PM
From: Jurgen	Read Replies (1) \| Respond to of 99985

ref: oil 13:00 ET Dow -7, Nasdaq +16, S&P +1.78: Overall, a choppy, but rather lackluster trade for the blue chips to this point... Oil-related shares, however, a notable exception to this observation as they have enjoyed some decent buying interest... Technical buying being cited as a reason for their resurgence as is Hugo Chavez's victory in Venezuela's presidential election... President-elect reportedly in favor of complying with OPEC cutbacks... Crude oil +$0.21 at $11.38/bbl. (briefing.com)