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

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To: isopatch who wrote (89832)4/8/2001 2:57:14 PM
From: isopatch  Read Replies (1) of 95453
 
OK Bovine one. Let's walk through this idea

with a bit better rendering of the graphics of the past 50 weeks price action.

1st the Hong Kong Index weekly which, like our markets is showing indications of putting in an Intermediate Term bottom. But earlier in that process methinks(g):

siliconinvestor.com

Now the daily chart where we also see evidence of a bottom forming:

siliconinvestor.com

And finally an SI weekly comparison chart of OSX and HKO.X that indeed shows the Hong Kong - LEADING - the Oil Service Stocks (note: limit to 50 wks is due to bad data in a week immediately prior to the series displayed):

siliconinvestor.com

Well...the above certainly gives graphic substance to the assertion that we're taking a step forward in how to apply the Asian idea to forcasting movement in the patch stocks.

Anyone wish to contribute longer term charts to the data sample? Please step forward.

And BTW, lurkers. In case you've not noticed, this is brainstorming on the web, at it's best. Welcome back to professors Bull and Isopatch's weekend seminar(ggg).

Isopatch
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