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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: marc chatman who wrote (14905)3/16/1998 1:31:00 PM
From: Broken_Clock  Read Replies (1) of 95453
 
marc-
RG, Thean, and others use various TA analyses effectively. I will point out again the effectiveness of SLB as the indicator. Back when the OSX hit 112 then briefly 113, SLB immediately began tanking while others stayed up or even rose. SLB was the first one to hit its lower support at 70.Now, 5 days later, everybody is gettin' down to support. SLB has just been bouncing along on 70 since last Tuesday, waiting for everyone else to join the party. I didn't think OSX would fill the gap to 97.7(?) but it's coming close. Strange how the GOM news will come along at just the right time to turn the OSX back up...or some other news. I find it interesting that the SLB 70 call options have hardly changed in price since a week ago even tho the stcok has traded up & down over $3.

PK
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