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Strategies & Market Trends : Three Amigos Stock Thread

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To: Ditchdigger who wrote (8666)9/11/1998 4:54:00 PM
From: LTK007  Read Replies (2) of 29382
 
DD congrats on having a profitable week--it was a good strategy.
I have been noting that the oil services and drillers have been closing strongly most every Friday afternoon---today I checked this against the crude oil intraday price trend and found that the price
rise in the stocks had broken completely from the crude price trend
for the day(it was down sloping)---which makes me believe these Friday pops in the oils/drillers we have been having be nothing but shorts covering for the weekend-- Max
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