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

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To: BigBull who wrote (65133)4/23/2000 10:07:00 AM
From: BigBull  Read Replies (3) of 95453
 
++good - Sentiment indicators:

stockcharts.com

As you can see, the sentiment indicators are getting close to indicating a major bottom in the overall market. Not there yet, though. Next one should do it. The techies need to have a marked change in psychology. You know, "there ain't no hope at all" kind of thing. The last stage of a bear market is not a pretty thing. A key factor to look for will be improving breadth in the overall market at the bottom of the tech crash. If the OSX can withstand any selloff in techs then that will be sooooooo bullish, I couldn't even begin to say. I'm also keeping an eye on GE as that stock has become the bellweather for the world wide economic boom. If that stock doesn't crash the boom is here to stay for a while.
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