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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Snowshoe who wrote (27023)8/4/1998 4:46:00 PM
From: P.Prazeres   of 95453
 
Greg,

Yeah, it was 0.07 away , just another down tick on any of the index's stocks. Last Wednesday, I mentioned that the major market indeces were on the brink of collapse and low and behold, it's happening.

The Dow closed below its 200day MA and the NYSE tick hit a 52 week low today (-1733)...WOW! and what is worse is that there wasn't that type of capitulative selling that would signal a reverse (the arms index got only as high as +/- 2.00)

So, it looks as though tomorrow may be horrendous for the Dow and nasdaq.

Oil, on the other hand, will depend on API's numbers.

Who's got em.

Paulo

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