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: Ronald J. Clark who wrote (5994)	12/23/1997 3:02:00 PM
From: Lazlo Pierce	Read Replies (2) of 95453

Ron<<I am certainly no technician, but it looks like there was a fairly long basing of the OSX in the 76 area last Spring. At this point its only 25% away and would represent a 50% retracement from the highs at approx 141>> ************************ Wouldn't a 50% retracement bring us to 109? (141-76=65, 1/2(65)=32.5, 141-32.5=108.5. Dave

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