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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: RGinPG who wrote (17401)4/1/1998 12:11:00 AM
From: pz  Read Replies (1) of 95453
 
Ron,

Look at this chart of the OSX. The stochastics in the top window is bearish no question. Looking at the Bollinger bands the middle band around 106 offers support. Also, the OSX will close it's gap around 108-109. Definitely some support there. The OSX doesn't have to fall to it's lower band....that's all I'm trying to say.

users.abilene.com

TDW looks like a possible reversal on the stochastics, and has no gap to fill.

GLM has support at 23 3/4 at the middle bollinger band, and has no gap to fill.

NE still needs to come down to 28 3/8's to fill it's gap, which would put it on it's middle bollinger band for support. A weak looking chart.

DO is sitting on it's middle bollinger band at support right here.

FGII is also sitting on it's middle bollinger band.

GIFI is sitting on it's lower bollinger band and is a good entry right here.

PDE needs to fall to 21 1/8 to fill it's gap, one of the weaker looking charts.

I'm not saying that these stocks are going to hold their support, but if we are in an uptrend, which I believe is the case, then the middle band should be support in some cases.

I'm buying 1/2 a position in GLM at the middle band and saving the other half in case it does fall to the lower band.

JMHO

Paul
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