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: Captain James T. Kirk who wrote (46962)	6/26/1999 8:50:00 AM
From: Gary Burton	Read Replies (1) of 95453

Jim--OSX sinking for 2 reasons--one technical (I keep saying FA is irrelevant-vbg) and the other the Rate Rise killing off the economy thing. Oils are notoriously the last to rise in a bull market so u have 'maybe the rally from March was it' type of thinking... When a wave structure needs to go down, it goes down regardless of FA type of reasoning ( everyone knows this reasoning anyway so no value added at the margin). OSX drop an excellant example. Some would say watch the tape rather than watch the oilprice (g)

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