MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (746)	10/1/1999 11:57:00 AM
From: JLIHAI	Read Replies (1) of 19219

RE: BHI I like Baker as a company. I used to work for one of their competitors as a well testing engineer; my first job out of college. Baker was the one to beat. I think the reason for the weakness in the oil sector lately is impatience on the part of investors. Momentum in the oil business moves slowly. Higher oil prices don't translate into instant profit increases; more of a gradual improvement in business conditions which gathers steam if strong pricing holds. On the weekly chart, BHI may consolidate in this area for a while before moving back to the 30's. JMO of course. JL

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