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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: waverider who wrote (25992)7/19/1998 7:56:00 PM
From: Big Dog  Read Replies (1) of 95453
 
Diamond -- I for one don't know ANYTHING about charts, but doesn't a higher Price line against a lower AD line indicate buyers are not accepting lower prices and is bullish?

Maybe what you are saying is the higher prices is concentrated in only a relative few stocks and this is not healthy as it masks the cancer eating away deep in the market that will eventually kill the patient?

I would concur that we are heading for a Texas-size erosion of market cap. I don't think it will hurt the oil service stocks though -- unless oil prices go down too.

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