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: SliderOnTheBlack who wrote (77736)	11/2/2000 9:22:45 AM
From: The Ox	Read Replies (1) of 95453

OT Good Morning Slider. He has so much money that tossing around a few 'investment' dollars (ie billions) on high risk, long term 'potentials' won't dent his pocketbook very much if they fail. I know you don't agree with this assessment but I think you should keep a close eye on the NASDAQ daily charts. Currently, we have a few higher lows from the recent bottom. I think this trend line should be watched carefully. As long as this line stays in tact, one should be cautiously bullish on the index. A break of this trend line should be a red light to anyone who is trading the long side. bigcharts.com I draw the line from the Oct 18th low through the low of the 30th. A break below this line would change my signal from green to red. Any approach of this trend line should immediately bring up a yellow signal. Speaking only in the short term here.

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