Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: isopatch who wrote (2218)	9/27/2001 11:34:28 AM
From: SliderOnTheBlack	Read Replies (2) of 36161

ABN AMRO OSX downgrade.... final shakeout ? ...tax loss selling is hitting - ABN AMRO calls for OSX 50 price target & some stocks getting near LT support... if history & seasonal patterns repeat... we'll hit a bottom here soon & it will take a 3-4 time retest of a banded range of perhaps OSX 45-50 as a bottom & 60 as resistance thru January 02 to establish a cyclical bottom. Whether we see a nice trading pop in the traditional March to May period; strictly depends on the global economies, the weather to great extent and very importantly the global War/Terrorism threat. Nat Gas is back to levels that all but 3-4 posters "here" last December ever envisioned - simply amazing isn't it ... how cyclicals & momenteum/sentiment driven sectors act (VBG) ? ... well, we're getting close to a final capitulation shakeout in the OSX here boys & girls. Let's see if Admiral Dore whips out his wallet at $4/$5 GLBL here soon ... that'd be a positive sign (vbg).... leaps will soon be a nice play on select - bedrock OSX co's... Maybe we'll get to throw some "yellow" gold profits back to "black" gold ? ...whodathunkit ?

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