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: Jeffrey Beckman who wrote (4280)	12/2/1997 8:08:00 PM
From: Timelord	Read Replies (2) of 95453

Yes. Most of the drillers show a Harami pattern which is a bullish reversal pattern. The books suggest waiting for confirmation, however, since there is only one positive day of action, and the reversal can easily break down. Tomorrows action should be significant. It could still be a dead cat bounce, but the number of these positive indicators is spread pretty consistently across the drillers and suppliers I follow. I haven't seen this amount of consistency since the bearish signals flashed in October and November. I'm trying to remain "disciplined" because of my prior spanking, but I'm priming the guns... Looking forward to Thean's analysis of where we are. Alex

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