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: chowder who wrote (95026)	1/5/2002 12:25:50 PM
From: kodiak_bull	Read Replies (1) of 95453

Dabum, Look, I don't wanna start a food fight with the new sheriff but I don't see any resistance at 6.40, not even on your chart. Stochastics are worsening, the stock is in distribution, money is flowing the wrong way, and your ADX line is crossing against you. The only line that looks like it sits at 6.40 is a 20 day moving average. When you put the CMF on 3 it looks worse (I always use 3 for some reason). Now, I don't know what's wrong with HOFF but whatever it is it seems to be there in the chart. Let's revisit HOFF in 5 trading days and see what developed in the mean time. As always, I'm always looking to learn something new. Kb

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