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

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To: Dwight E. Karlsen who wrote (9367)1/23/1998 7:00:00 AM
From: RGinPG  Read Replies (2) of 95453
 
NIKKEI 225 INDEX (NKY) 16789.11 +383.42 +2.34%
HANG SENG STOCK INDEX (HSI) 8920.21 +36.47 +.41%
ASX ALL ORDINARIES INDX (AS30) 2623.30 +23.90 +.92%
SING: STRAITS TIMES INDU (STI) 1259.83 -9.66 -.76%

S&P Futures up +0.20

Asia up, U.S. up... again?
I plan to follow through with the plan, sell into strength today,
and raise 25% cash to spend at the next dip.
With 75% still invested, I won't be devestated if I'm wrong
and the OSX turns around on a dime. It would be encouraging and
further evidence that we are in the midst of the beginning of the
turnaround in this sector if we did not get down to previous lows
(OSX 88) with the next dip. It would be especially discouraging and
I would have to re-evaluate where we really are if the dip goes
below support at 86 or so (on the OSX).
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