Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Thean who wrote (9087)	1/22/1998 7:22:00 AM
From: RGinPG	Read Replies (3) of 95453

READ THIS !!!! I hate to be an alarmist, but I have been so bullish lately that this may seem like a complete turnaround. Almost every chart I follow in this sector, including the OSX index, has given me sell signals. Check out Short Term Studies at lonestar.texas.net The confirmation in almost all the stocks seems impressive. Remember, this is a sell signal designed to allow selling into strength, so it may be early. But looking at the previous sell signals that were confirmed across the board it certainly is compelling. I plan to sell 25% of my Oil Service portfolio today, knowing fully well I may have to buy back in a higher prices next week. The long term outlook is still VERY positive. But it sure would be nice to have some cash going into the next dip. THEAN: The S&P -Vs- OSX charts are updated daily. There are three charts showing the relationship for the last 4yrs, 4mths, and 3wks.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next