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: Roebear who wrote (67122)	5/25/2000 10:26:00 PM
From: E. Graphs	Read Replies (1) of 95453

Roebear, I've been watching the development of the diamond on the Dow for some time. At first I wasn't sure which way it would break, but lately I am leaning towards a break down.........note sinking stochastics and a bearish divergence on MACD. Downside, I target ~8750, after which we may simply rally and recover. The Dow has already accomplished a lot of work......diamonds are a lot of work....so, maybe not a whole lot of trouble.....(?) OTOH, the Nasdaq may have only just begun to correct (second chart). I haven't worked the chart in awhile, but from my notes I have a downside target on Naz at ~2200 if it breaks 2971. siliconinvestor.com siliconinvestor.com Just my observations, fwiw. E Graphs

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