Strictly: Drilling and oil-field services Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SliderOnTheBlack who wrote (60709)	2/22/2000 3:18:00 PM
From: Roebear	Read Replies (2) of 95453

Slider, Chart target for OEX could go as low as 680 and that is without a bear market. Bear market, huh, unthinkable, isn't it, but when you think about the fact a BEAR is unthinkable, that's scary! It is possible that the weak OSX XOI performance (especially XOI) is discounting the possibility of a market correction. For that reason I am not currently invested in the OSX. I think the OS stocks will follow the market down at least at first. If the NDX gets creamed then we will see sector rotation, when I see a bottom I buy buy BUY! I am not a BEAR myself, just cautious, and at this point in a defensive posture. SOX is an index that is begging for a short on an approach to 1K, take a look at that chart. Anyone here have any experience with SOX options? Chart targets for DOW could run down to 9800's or even 9600's, I hope not because that would cause a lot of technical damage making it more difficult for rotation to take place into OS stocks. Sorry to sound so doom and gloom. These are just chart possibilities and can change on a whim of Greenspeak. Regardless though, and even more unthinkable, I really like the chart for gold here. Berserker Roebear

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next