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: SliderOnTheBlack who wrote (57889)	1/5/2000 9:31:00 AM
From: marc chatman	Read Replies (1) of 95453

Quote.com charts are messed up on NG because they erroneously mixed in a zero sometime yesterday. But, we got the bullish divergence on the daily's, which IMO suggests we are bottoming. Ideally, we would at some point in the next few days see a bullish divergence on the hourly chart for NG. That would be a signal to me to jump into stocks which are closely tracking the NG chart. I haven't really looked closely at these yet. Unfortunately, I don't have the data to determine whether yesterday was an all-time low for the front month NG contract. Also, the error in yesterday's chart messes up the weekly macd. It may be the case that we get a very nice run and then come down and retest the lows in a month or two, as we did with the OSX in late '98. Hopefully Quote.com will clear up the data. EDIT: AS I live in Western NY, it's too bad Syracuse lost the recruiting battle for Vick. I'd pay to see him play any day of the week.

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