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

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To: Bazmataz who wrote (10195)1/30/1998 12:02:00 PM
From: Broken_Clock  Read Replies (1) of 95453
 
Barry,
if you are looking for an entry, I suggest you use caution today.
1.SLB is once again the indicator for the pack.On an intraday basis, it it testing the support at 74.50.Ask size is larger than bid consistently.If it breaks thru 74 then we're going down.Don't know how far.
2.Oil is probably down based on Glen's post of last night(offer to increase Oil amount allowed from Iraq).
3.The market has had a run and it is friday.Probably not much motivation to hold till Monday for the traders.
4.Clinton mess still weighing on the market.

Dave
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