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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: ItsAllCyclical who wrote (56468)12/8/1999 2:53:00 PM
From: SliderOnTheBlack  Read Replies (3) of 95453
 
<<it's safe to go back on margin here.>>

hmmmm; hey - I'll be happy for once in my life to be a bearish contrarian indicator. Hey - I owe you guys that.

Jim, do what you need to do - we are all big boys here, most of us anyway; as there are at least a couple who still continue to blame market moves, their own losses and probably even the weather on others (VBG).

For me; not yet... I want to see this:

1. Nat Gas prices move firmly up. - or, the presence of a sustained really nasty nationwide cold front, to where "betting" in advance on the draws for Nat Gas will make sense again.

2. Any break in the DOW, or NASDQ

3. Something major from OPEC that finally and completely puts this spindoctoring - misquoted anonmyous source BS to rest - or, a breakout over $27 crude.

4. Tape action across the board with huge volume being the key - not just what could be merely short covering and lots of consistant 25K - 50K buy blocks just pouring in, in addition to some 100K+ - 1 M share big blocks returning.

Imho; untill then - nothing has changed and margin is a daily, if not hourly tool to be used very prudently ... if the Street was reacting to the "real" fundamentals - we'd be at OSX 100 right now and the E&P's would be at the Sept levels...
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