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

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To: RGinPG who wrote (17311)3/31/1998 9:49:00 PM
From: pz  Read Replies (2) of 95453
 
Ron,

Looking at the charts tonight I was expecting some pretty ugly indicators. Much to my surprise a few of these stocks look like they may hold support. The OSX is very close to closing it's gap and will probably do so tomorrow. Also, it's very important to note that there was very little down volume on most of the oil service stocks.

If we can hold tomorrow then we may have hit bottom. I personally can't think of anymore bad news for this sector other than possibly poor earnings by the land drillers.

Regards,

Paul
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