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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Broken_Clock who wrote (10388)2/2/1998 8:16:00 PM
From: RGinPG  Read Replies (4) of 95453
 
<TA> I've been looking at all the charts, sometimes I convince myself the market direction is up, sometimes I think I already missed a sell signal. Which is it? I take heart in one chart which I think is significant at this point. Take a look at the XOI section under Daily stochastics. The stochastics aren't important, but the fact that the XOI has gone up 4 of the last 5 trading days IS SIGNIFICANT. As I've said before, the XOI tends to go up sooner and more decisively than the OSX (2up and 3down the last 5 days). Likely, this is too short a time frame to make this kind of analysis, but I can hope. I'm wondering if the real money gets their feet wet with the big XOI companies first, and then branches out into the OSX for value.
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