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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (64194)4/10/2000 3:44:00 PM
From: ItsAllCyclical  Read Replies (1) of 95453
 
Slider, I'm completely off margin because I see the techs retesting the lows and I'm not sure how SLB and BJS will react if/when they break and close below their 50 dmas.

In terms of "having been on margin" I was reducing every day and sold all of my remaining margin this morning. Since I was buying laggards at every op, this pullback was very minor to me. But I do see some great buying ops coming where I will use margin again.

The techs could easily lose 5-8% here in one day if they retest the lows. I don't see the broad market going up in the face of that kind of sell off. We are nearing buy time, but not there yet.
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