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 (13926)	3/6/1998 11:05:00 AM
From: donald sew	Read Replies (1) of 95453

Thean, The short-term technicals I use indicate that for the very short-term(1-5 days) it is overbought. The OSX has convincingly surpassed its 2 previous peaks which is a very good sign for futher upward movement and that it the bottom has been established However, if the market pulls back substantially, say 8200 on the DOW it should will pull down the OSX a little, but it will not retest the lows unless the overall market drops alot more or the OSX components start coming out with bad news. I sold my GLM for a 3 point profit in about a week, since the overall market will be pulling back soon. On any nice pullback, will be jumping right back into the OSX. The OSX is definitely an area of strength now, and per yesterdays performance when the DOW dropped 94 points it did very well. Seeya

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