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

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To: isopatch who wrote (71797)8/28/2000 10:22:49 AM
From: isopatch  Read Replies (2) of 95453
 
4 snapshots of a key index. Excuse the url overkill<g>, but arranging the XOI charts deductively starting with the positive wkly to the others which argue for a bit of a dip, give use a nice top down look at some of the TA here.

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Understandably we bounced hard off overhead res @ 540. But my guess is that worst stoc will print is is a higher lo.

siliconinvestor.com

Daily has turned down signaling a bit more downside ST.

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siliconinvestor.com

Hourly and 30 min are dickering about whether: 1. She breaks 519? A good bet because it would piss off the most longs<g>. 2. We hold 520? Fiddle around a bit, then turn and rally. 3. She holds right here circa 524? If so that would signal this intermediate rally is even more powerful than ole isopatch thinks.

Well pick yer poison troops, lol. My bet is that this intermediate rally is NOT over regardless of ST wiggles.

But, we about to step into the "never a dull moment" month of Sept during an election year! Could be a field day for wipsaws, directly ahead. Stay cool...

Cheers

Isopatch
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