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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Mike from La. who wrote (37516)	2/13/1999 1:33:00 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 95453

Mike: I agree that the curent oil depression will be much shorter than the 1980s experience. But could still last awhile unless OPEC does something next month. If OPEC bombs out again, I see the OSX staying in a very depressed trading range (42-45 to 50-55) until the fall Perhaps when people like Slider stop expecting a quick 30-40% jump the stage will finally be set for a sustainable upmove. The major OSX trend does not turn on a dime, and a basing period may be needed before the next OSX bull can develop.