SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Razorbak who wrote (56616)12/9/1999 10:00:00 PM
From: Gary Burton  Read Replies (1) of 95453
 
In my view, the charts of many E&P's still look lower--There is no MACD positive divergence to hang one's hat on as signalling a break in the downward momentum to a point that an upward move could be sustained. whether one uses a 3/10 day MACD or a 5/17 day MACD or a bit higher, yesterday the MACD's hit a new low for the move, along with the print low on price--so no divergence yet. In general, in trying to catch a falling knife in the stock market, one should at least have a positive MACD divergence on one's side, and preferably more than one. We don't even have one yet folks. And that implies we have more downside in price to come. My 2c for tonight.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News