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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: double-plus-good who wrote (56443)12/8/1999 1:36:00 PM
From: Gary Burton  Read Replies (2) of 95453
 
OSX held 69.04, a key support but my sense is that this bounce will top our below 75.11 and then we will head down again----If it can exceed 75.11 things will be more positive--We are probably trying to create an MACD positive divergence in here, suggesting still lower prices ahead but macd no longer confirming. This will take a few days to see....In the meantime, I am somewhat dubious of a V bottom with no earlier positive divergence put in place. But if we print above 75.11 (yesterday's high), we might.
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