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

To: pater tenebrarum who wrote (12258)	4/28/1999 2:59:00 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 99985

Interesting theory. I feel the demand for oil may be a usual miscalculation on our government however. Note that when crude was down to 10 a barrel, oil reserves were shockingly lower than in the past. I feel our government (Ooops forgot you weren't in US ) US government, was releasing reserves thinking they could replenish them cheaper. Of course we started the Kosovo conflict requiring tankers full of fuel for flying all these sorties and OPEC cut production so as usual the US Govt. messed up. TICK just slid back down to double digits and DOW didn't move much however NASDAQ just gave back the 5 points it had gained and is now going lower than before. TYX is back down to 5.57 Maybe the big money knows the dollar will break upwards thus hurting the higher PE companies which are mostly the previous leaders so they are rotating into the lower PE stocks? I don't know, justtrying to figure this thing out so I can do something instead of staring at this screen wishing I was making money <g> Good Luck, Lee