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: excardog who wrote (87171)	2/14/2001 12:32:15 PM
From: Timelord	Read Replies (3) of 95453

excar IMHO, we are at a near term top, and I have posted some short plays to Razor to back up my opinion. While I don't use these indicators in my day trading, the MACD is a day or so short of a turn, while the stochastics have crossed and have signaled a turn. siliconinvestor.com For me, this is only a confirmation of what the tape is telling me. Be advised, this downtrend can turn on a dime, and I am fully prepared to admit my early foolishness and cover, but a down trend is what I am seeing now. For targets, there is a gap at 126.64 that will probably be closed. The other gap at 111.02 will eventually hit, but it may take quite a while. That's too far for my myopic vision. <g> Alex

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