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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: TREND1 who wrote (8849)1/21/1998 12:49:00 AM
From: Ms. X  Read Replies (1) of 95453
 
Hi Larry,
Yes I do look at the monthly trend. What I like to see with a stock that has been moving down and whose monthly is negative; is that its daily and weekly momentum start to gain support and turn positive. This tells me the monthly turnaround is on the horizon.
SLB monthly turns positive at 100 (stock breaks bearish resistance line at 84 along with two consecutive double tops. Yes!)
GLM monthly turns positive at 41.360 (stock breaks bearish resistance line at 28 along with two consecutive double tops. Yes!)
RDC monthly turns positive at 45.403 (Ooooh, bearish signal reversal on the horizon. Signal will be completed at 32. Very bullish signal if completed.) I'll have to add RDC to my list on that news.

Hope I answered everything.
Best of luck.
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