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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Iris Shih who wrote (19754)	2/9/1999 11:04:00 AM
From: drsvelte	Read Replies (1) \| Respond to of 69155

OS stocks Iris: Quite frankly, I thought oil would be showing some resiliance by now, but that appears not the case. I suspect it might be awhile. OPEC can posture and cut, but I don't think there will be a sustainable recovery until the demand side perks up -- and there are not a whole lot of indications of that. I traded drillers in late December and early January, but except for a little FGI, MRL, and GLBL I am out. there probably will continue to be tradeable bounces associated with the OPEC meetings and/or weather concerns.