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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: BigBull who wrote (72776)9/9/2000 1:27:13 PM
From: ItsAllCyclical  Read Replies (1) of 95453
 
How does one get charts for OSX and E&P stocks during the '73 oil shock? Slider's spoken on this topic before but no real specifics were given. He had said that everything went down, but what's the lag time? Considering our tight excess capacity situation I would think there has to be a lag time in which people pile into oil stocks (like they did with tech last fall). '73 was entirely an OPEC phenomenon. 2000 is more of a demand/supply problem (not to mention NG).

Also if you look at the charts on most of the OSX issues for the '97 boom you'll notice the frequency of double tops. The 2nd top was definately a little lower but it was there. Yes, there were some that simply hit peaks and decended, but they seem to be in the minority. We may not the catch the absolute peak, but there will be time to leave 2000-2001 with substantial profits intact. I think too big of an issue is made about exiting this sector. I think it can be done more gradually than is generally perceived (there's always late cycle plays as well to rotate into - FGH, PGO, KEG).

TA wise any boom that last this long will most likely retest highs before expiring. JMHO.

quote.yahoo.com

The techs when they hit 5000 tested it twice too, although the space between the peaks was very tight, but I attribute that to the sharp slope upwards.

207.61.23.98
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