Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: jimsioi who wrote (20465)	10/19/2002 10:55:50 AM
From: onedrill	Read Replies (1) of 36161

Jim, On the attached short term chart it appears that the HUI could be in for a turn here as the ADX (14) day seems to indicate that we are oversold here as you can note we have not had -DI of 40 since late july 01 and you have to go back much longer then that to see -DI that high. That is not to say it could not stay 40 for awhile. Also, not the %R is in the turn range. stockcharts.com[r,a]daclyyay[d19990527,20021226][pb50!b200!c20][vc60][iUb14!La5,34,7!Ll14!Lk14][J6499636,Y]&pref=G The long term chart looks much different as the ADX -DI is hanging around 35 but not that the highest -DI is +-42 in Oct 00. The %R looks again like it could turn. MACD looks like we have more down trend. stockcharts.com[r,a]waclyyay[d19990527,20021226][pb50!b200!c20][vc60][iUb14!La12,26,9!Ll7!Lk7]&pref=G But now that the US is training Iraq troops to help take over Iraq maybe we will get some upside action.

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