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: Jon Cave who wrote (71003)	8/16/2000 11:18:34 AM
From: isopatch	of 95453

Answer. As Geo Cole correctly pointed out here many times last year, when the mkt is up on bad news it confirms the power of the up leg. Having said that I still think we could have a consolidation here on the way up: siliconinvestor.com But that's just an opportunity to "weed the garden". Selling non performers first then adding to the strong horses on any consolidation. IMHO we began an intermediate term up leg 2-3 weeks ago. Yes we are due for at least some backing and filling. But my style is to focus on the the primary intermediate trend rather than trading the ST wiggles. Was very happy with strength in PLLL, PQUE and EEE in the sm cap NG E&Ps yesterday. IMO each of them just beginning a good up move. ESNJ weaker into the close than I would have liked. But that one is a monster intermediate to long term. At least a hat trick from my basis (now down to the lo 2s from an intermediate swing trade with 1/2 the position) Isopatch

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