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Strategies & Market Trends : Point and Figure Charting

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To: XOsDaWAY2GO who wrote (191)	1/29/1998 12:29:00 PM
From: Ms. X	Read Replies (1) of 34811

Oil services as a sector is in a great position for upward movement so yes, buying in this sector gives you a good risk reward. Still though, it would be best to find those stocks who are trading above the bullish support line or who have broken the bearish resistance line. I like HAL, GLM, CDG (volital stock). I have bought SLB even though it doesn't meet the criteria above. The reason for this is, when I play sector rotation I buy the biggest stock in the group. For Oil services that is SLB. I'll do a report tonight and see who is looking good after this upward movement. Remember, don't worry about losing opportunity. Another will present itself. The sector is still low and stocks are starting to show how they are going to respond to this reversal up. I'm going to be looking for pullbacks now for buying opportunities. I will post any in my nightly "What happend in oil services today" report. Jan

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