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: RGinPG who wrote (7878)	1/13/1998 4:35:00 PM
From: Thean	Read Replies (3) of 95453

Ron, your chart is nice. Has anyone noticed that if one draw a line linking all the bottoms of the valley in the chart, the recent sell-off DID NOT break below the support trendline? I have not seen it before in any long term single driller chart. But from the look of it the OSX index DID NOT break down. Encouraging. As usual, after a day's celebration, GW made back almost everything it lost yesterday, BDI continued on good support ground, CDG close near high, we still need a follow through. They can easily give back what they have earned in another day. So be very cautious. Dave - MTEL has good strength. There is no gap for it to fill to move further up. It would be nice to retest and hold the 18 1/2 - 19 range in the next market sell-off. But there is no gap to fill. Are you familiar with MTEL? Heyward and I went back on MTEL even longer than myself on this board.

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