Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RGinPG who wrote (14860)	3/15/1998 12:41:00 PM
From: Lucretius	Read Replies (2) of 95453

I think it is a stretch to say these charts look "horrible", assuming straight down as being worst-case scenario. The charts all show sideways movement w/ a propensity to move up to resistance and back down to support, continuing to go sideways. SLB held support this week. NE held support at 26. I don't understand what everyone is so glum about. You don't really expect these charts to trun around and go straight up? It ain't gonna happen. We must have time to build a new base. Believe me, about the time the rest of the mkt is going into the tank and correcting (could begin next week, IMHO, there's just too much speculation and too many people think we're going higher) the oil service will rear their ugly head again to be the mkt leaders. Good Luck! Heyward: you've got the right idea! -Lucretius PS-- Take a piece of advice, on the broader mkt L-T and to some extent the drillers in the very S-T, from a Roman.......... Beware the Ides of March!!!!!!!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next