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: John Doyle who wrote (53428)	10/22/1999 6:21:00 PM
From: ItsAllCyclical	Read Replies (1) of 95453

Gary, I pretty much agree with your take regarding the OSX, but I don't see sub 65 happening again. As for sub $20 oil I just can't see that happening with winter fast approaching. A reprint of the recent 20.50 area maybe. The OSX rally thus far has been pretty narrow and on light volume. That does suggest another pullback unless the rally starts to broaden. If it does then I think we're looking at maybe another reprint around 71-73 area at worst vs another reprint of 65-68 if it doesn't. The OSX is nearing it's 50 dma and so is SLB, but many other individual issues have quite a bit of room before they hit their 50 dmas. I'll be looking at the breadth of this rally.

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