Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: TheBusDriver who wrote (9607)	3/19/2002 1:00:14 PM
From: Frank Pembleton	Read Replies (3) of 36161

Wayne, technically the downtrend hasn't been broken yet, even if it stops falling and goes to a flat line trading range - the downtrend is still intact. It may even lag the POG - until there's a change in the fundamentals - technically, you should be looking for a break-out which may consist of something like a large trade and a tightening of the bid/ask. Something big needs to smash the trend for a reversal. Anyway, I'm not a trader - maybe those who are would like to comment? VT? Peter? ...so be careful my friend. Regards Frank P. BTW, did you ever find out how much cash they have?

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