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: SliderOnTheBlack who wrote (54852)	11/16/1999 7:03:00 PM
From: hdrjr	Read Replies (1) of 95453

Come on Slider, I have been saying 84-85 was the first resistance also. And I thought the resistance would be more significant, but we have met that resistance and with today's close and API numbers tomorrow will blow right through the resistance forming a support. Look at the price of crude this evening and its reaction to the API numbers. We saw a little nervous selling into the API mumbers this afternoon, but tomorrow the pool will be full of swimmers not just feet. I am a long term holder at this point therefore I do not begrudge anyone trading opportunities. I just do not think the time to sell and re-position is now. Maybe 91.45, the last high for OSX will bring a 4-5% retracement, but not now with this info this evening. mhoo, hdr

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