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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Broken_Clock who wrote (7949)1/13/1998 10:33:00 PM
From: The Perfect Hedge  Read Replies (2) of 95453
 
Dave-
From yahoo:
>> Now for the news,
Mike Conland of Prudential, said that
the oils will sell off after
earnings, and that he looks for the
sector to bounce back in the
summer,and this recent raise is just
a head fake. Rig count is down, and
people are worried about E&P money. I
thought the same thing. I hate to
call this one, but I would say that
this market has about 2 weeks and
then it's sell off time. I spoke with
the techie at Vestor Vest, and he
said you can tell an up market when 2
consectutive FRIDAYS are up, he says
it's a great indicater, it never
fails.<<GD
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