Strictly: Drilling and oil-field services Message Board

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

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To: marc chatman who wrote (36994)	2/7/1999 6:00:00 PM
From: Gary Burton	of 95453

Positive if OSX trades up Mon am to or above 54.03.If it does that, it can back off but will probably soon trade even higher... Caution, however, if OSX can't print 54.03 and instead meanders and then turns down and prints below 50.91. If it does that, there is a much greater potential for new lows soon thereafter. So, I'm sitting here tonight looking at my trading software and trying to decipher squiggles on the charts. On the downside, I am cognizant that the last few times a true interim low was reached, almost all of the stocks bottomed on the SAME day. The present situation is different. Some stocks are making very recent new lows in here (PDE,FLC,RDC,GIFI,IO etc) while others are holding and have blipped up a bit. Also, I'm struck by the fct that my trading software for some reason is targeting Feb 17-22 area for potential bottom on a host of osx stocks at the same time. And here I am going away Feb 9 10am and returning late on 17th. What to do? what to do? I'll probably do something by 9.30am tues -either buy more or put limit buys at specific lower prices hoping to catch some more fish. --ps am still a little suspect of PGO in here. needs to get closer to VTS

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