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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SliderOnTheBlack who wrote (61321)3/2/2000 4:50:00 PM
From: Roebear  Read Replies (1) of 95453
 
Slider,
RE: "Now - do we retrace here; or does the Mo-Mo money come aboard ?"

Excellent question. Ordinarily I would say retrace after such a run up. However we have closed above a chart target of 107 which makes the next target all the more likely. Especially as a glance at the market indexes tonight shows nothing even close to OSX in percentage gain today. We might retrace lightly but I would bet MO MO money is coming to oil town tomorrow. Now we have price momentum and there is plenty of room on most charts to run.

Having said that, I wonder what Gary Burton has to say?

BTW, I held my nose and bought some SEI today along with some MDR.

Best Regards,

Roebear
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