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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Lazlo Pierce who wrote (14182)3/9/1998 1:30:00 PM
From: 007  Read Replies (1) of 95453
 
I agree that there are less bearish posts, and it's probably typical that with each higher low in an uptrend that there are less bearish posts. They nevertheless can assist you in determining entry points.
For those that look for the osx to delink from crude, I doubt this will ever happen. They always try to move together in the short-term, but in the long-term they can perform very differently. This is clearly one of those situations. Where was crude when the osx bottomed out in January? Where is crude and the osx today in comparison? Well, crude is at record lows while the osx is a lot higher. Hmmm. Maybe if crude keeps dropping, we'll keep rising(gg).
Furthermore, looking at the charts, it sure looks like a normal pullback for the osx after a big runup. Hmmm.
I believe that on a day like today, you want to initiate long-term positions and just plain holdem.
James
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