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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: victorw who wrote (57055)12/16/1999 4:56:00 PM
From: Fun-da-Mental#1  Read Replies (1) of 95453
 
Re osx, we're in resistance right now, as Marc said, and not just from the 50 dma but also from the top line of the current short-term downtrend. However it looks like we may be breaking out. If this is confirmed tomorrow the picture looks good. There may be resistance at 82 since this was a support/resistance point over the past few months. Above that there may be minor resistance from the wedge top at 87 or the previous high at 91.

IMO the technical pattern for the OSX points down (making a big rounded top) with little support below current levels, but since the fundamental picture for the OSX is so good I don't expect that scenario to play out unless there's an overall market crash.

BWDIK

Fun-da-Mental
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