Nabors Industries(NBR) Message Board

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Gold/Mining/Energy : Nabors Industries(NBR)

NBR 51.56

-0.4%

3:59 PM EST

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To: pass pass who wrote (77)	4/6/1998 9:56:00 PM
From: Char	Read Replies (2) of 174

pass pass I've been relying on the Oil Service Index (OSX). Actually it looks like it has already bottomed out back around the beginning of March but I think I will watch it awhile to see if the 40 day MA starts to head down. If the OPEC agreement falls apart which I suspect it will then I think we'll see the index start to fall as oil prices fall. This only applies if you're trading short term. If you're long term than I think anything bought in this area will look real good by next year. Dave

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