I am watching oil closely...It appears that most of the speculation is gone...It is a really good opportunity for a country like china to buy as much oil as they can at these prices...I could be wrong,but I dont think that we've seen the last of high oil prices...~DIG~ staged a snapback reversal day friday...Anything can happen,but on a technical level I would be shocked if ~DIG~ doesnt go up tommorow...I watched ~DIG~ go from 22.65 to 32.00 in thirty minutes on huge Historic volume...kind of like a climatic bottom...also I heard OPEC called an emergency meeting...The Prime minister supposedly begged them not to reduce output due to the current crisis...Ive been checking the wires and havent heard anything about that since yesterday...