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: BigBull who wrote (49272)	8/12/1999 1:30:00 PM
From: marc chatman	Read Replies (1) of 95453

re flc, it showed a bearish macd divergence on the 10 and 60 minute charts, so by all rights it should be selling off more than it has. if it holds, i'm guessing it could get pretty wild on the upside. fwiw, i was tempted to cash in just a few shares when i saw the divergence, with the hope of buying back lower. but my greed was outweighed by my fear of not carrying a full position into any rally. it's possible i'm not the only one thinking that way, and that could be the reason the divergence hasn't had more of an impact. of course, it's also possible it will sell off. time will tell.

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