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 (59745)	2/4/2000 1:50:00 PM
From: ItsAllCyclical	Read Replies (2) of 95453

Does anyone have a good explanation for the light volume seen in the broad market and especially the energy sector of late? It's a very disturbing sign imho. CAM, FLC, SLB, OEI etc...volume is simply not there. The only thing moving these days is techs. Oil stocks especially E&P's are not responding to good news. The overall market is ignoring bad news in the form of more rate hikes. I completely off margin now. I don't like this market one bit. As for FST down on heavy volume before earnings is a very bad sign. I would hesitate to buy a big position until after earnings even if it get's cheaper. Granted some pretty bad news is already priced in, but today's market seems completely momentum driven.

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