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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: ldo79 who wrote (55779)12/1/1999 2:53:00 PM
From: ItsAllCyclical  Read Replies (2) of 95453
 
According to the wash sale rules we'll cut and run on the E&P's around Dec 8th. The last major drop in the E&P's was around Nov 8th in the XNG.

Let's see if the same holds true of this subsector which held true with the OSX.

Dec 8th - Another API report. Cold weather. Wash rules over. Sector rotation...

XNG chart:
timely.com

hmmmm, Not soon enough, but I'll take it.

We saw the OSX take flight a few days early as people jumped ahead of the traders. Maybe the same will happen here. Blowout/scare on friday and then the recovery and next run starting next week.
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