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: Big Dog who wrote (5385)	12/16/1997 3:13:00 PM
From: Thean	Read Replies (3) of 95453

Mike, the morning gap up only got us to the level equal to that of yesterday at about 10am (after the steep initial drop). I don't see any sustaining power today either. Look like a dead cat bounce to me. My take is the big money is not biting yet. The small investors like people here are buying, but it is not enough to carry us through. Technically if we are able to sustain what we have today, 2-4% gain across the board, we will still be not out of the hole yet. May have to wait 2-3 more days before we have a decisive bounce up. If we close lower, then the technical damage is confirmed and look forward to more reds. ps: I know we have one redman here, but how many Greenmen are there on this thread? Greenman signs as Green and so does dlucas. I'm confused. Are you all the same guy?

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