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

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To: Broken_Clock who wrote (17920)4/3/1998 2:01:00 PM
From: upanddown  Read Replies (1) of 95453
 
Oil has rebounded strongly, yet the osx is very weak today. Does anyone have an explanation for this action? When we talked de-coupling", I don't think this is what I had in mind!

PK

We seem to be de-coupled since Wednesday. Oil was basically flat Wed/Thurs and up 1% today. OSX was very strong Wed, moderately weak Thurs and flat today. Sure don't see much of a connection. Didn't Thean say that we needed three days of de-coupling to see a trend ? Of course, its not the right kind of de-coupling.

I think the OSX and the general market are going to be directionless until earnings season starts.

John
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