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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: marc chatman who wrote (48068)7/15/1999 11:34:00 PM
From: double-plus-good  Read Replies (1) of 95453
 
<(When laggards get hot, is it the sign of the end of a rally, or the beginning of the next leg up?)>

marc, this is the question I've been asking myself over the last week. Some of the other laggards you left off your list include CLB, OLOG and VRC is looking set to go somewhere. At the same time former leaders such as SII and CAM are not acting very well. FWIW -- the earnings picture at SII doesn't look too swift.

As I see it we are at one of the first real technical hurdles in the rally thus far. The only problem is that I use charts and TA on an intuitive basis. The time has arrived for me to begin to learn TA in a more organized fashion. Any tips for suggested best reading gladly accepted.

In lieu of that (at least for the present) I would love to hear from some of the more technically driven traders (and investors) who might like to shed some light on where they think we are going. (Hint -- Gary, where are you?) There are a number of folks who have shown themselves adept at calling the API numbers -- how can you do with the OSX?

My 2 cents sees a test of the 83 range and a technical correction to 75-76 from which we will overcome the 83 resistance and test the upper 80's and 90.

dpg
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