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To: taLuis who wrote (34666)1/10/1999 4:34:00 AM
From: john rieck  Respond to of 95453
 
An interview with Matt Simmons was aired Friday night on the Houston PBS affiliate. Concerning supply/demand, he said that while IEA expects demand to increase by 1 million barrels/day in 99, it was more significant that low crude prices would put a crimp in supply. Also said biggest danger for investors was market perception. (note: OSX was at 53-54 at time of interview)



To: taLuis who wrote (34666)1/10/1999 12:34:00 PM
From: Gary Burton  Respond to of 95453
 
Luis-re EW--If Feb can get through 13.25 on Mon/Tues (I suspect it will), then I think it will have completed 5 waves up from the bottom--a very good sign. At that point, a 50-62% retracment back down would then be normal, suggesting 11.75-12ish for the start of the next 5w impulse up. ONE possibility, for eg, is a move up Mon am then a retrace into tues pm, then a strong upmove starting wed am with the release of the api numbers tues pm after 4. we shall see


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