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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: rails99 who wrote (91968)7/5/2001 10:55:43 PM
From: Crimson Ghost  Read Replies (1) of 95453
 
Another disappointing bounce in the OSX.

Right now I see us entering the final phase of the bear that should bring us back down to the lows in all the averages by early fall. That 20%+ overvaluation in the S&P 500 has got to be wiped out and possibly then some before a real bottom is made. OSX probably will break to the 80-85 area under these conditions.

But the aftermath of a real washout should finally be a decent bull move with some staying power.

I await "blood in the street."
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