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: marc chatman who wrote (56576)	12/9/1999 2:34:00 PM
From: dmccoach	Read Replies (1) of 95453

OT... OT Marc... I have not bought puts as I can not on Datek and have no options experience anyway... However, the NAZ from 11/26 to 12/7 surged ahead in value, but this run has not been confirmed by the MACD which peaked again (a lower high) on 12/7 (the MACD has been falling away since 11/26 while the NAZ continues to set new highs) setting up the start of a bearish divergance... It looks clear and strong to me and the 30 minute chart is in a down trend right now... so I am betting we surge again (for one or two more reversals on the 30 minute chart) while continuing to have the MACD fall away (daily) seting up a correction in the Jan to Feb time frame... I am going to adjust my portfolio in January (early) to reflect this assumption. It is at this point that I hope the new millenium begins with a recognition of the value in basic materials - making a reality the SlideMonster's "Rotation" - remember in stock selection for value plays the three most important factors are: 1. Rotation 2. Rotation 3. Rotation And there aint no rotating going on now, except for my guts as I watch this sector in horror... Dan

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