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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Warpfactor who wrote (85285)1/24/2001 8:43:06 PM
From: kodiak_bull  Read Replies (2) of 95453
 
Warp et al,

Let's talk about some big picture TA:

siliconinvestor.com

To the extent that stochastics and DMI indicators are valid for the OSX index, these point toward a continued rise in oils. The Williams' %R indicates that we are getting a little heady but, if you believe the press on the Williams' %R, you might not wish to sell until the indicator actually begins to nose downward.

Taking this chart to shorter periodicity (60 minute frequency) seems to indicate we may not have too much further to go on the upside. In any event, to those who like to read TA tea leaves, I simply open up the floor to ideas and opinions.

Kb
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