Strictly: Drilling and oil-field services Message Board

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

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To: Thean who wrote (10131)	1/29/1998 7:36:00 PM
From: Bazmataz	Read Replies (1) of 95453

Thean: couldn't agree more. You and I have spoken in the past regarding these "one-day wonders" that we experience. In my mind, we should have at least three or four days of basing or slight ups on decent volume to make me think anything even might be changing. I'll admit, I'm a skeptic. We've had days like this before only to follow with the usual dribble or sinking lower. Yes, many stocks broke their technical ranges positively today, but for my charts, one day does not a break make. Even though many of the stocks closed higher, the selling pressure toward the end of the day makes me think these aren't institutions that were buying today. Anyone else can certainly be more fickle. We'll see what happens tomorrow. People will be reacting to what they think will happen over the weekend. Should make for a volatile but interesting day. Regards, Barry

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