Strictly: Drilling and oil-field services Message Board

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

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To: SliderOnTheBlack who wrote (31918)	11/18/1998 11:48:00 AM
From: marc chatman	Read Replies (1) of 95453

Slider, probably some longs dumping as well. I'm not watching the tape, but if you check out the OSX chart, I think there was some minor support in the 59 range (was minor resistance area in late October). When it broke, it looked like there could be a straight run down to 55 (then possibly 50). I don't pretend to be an expert on this chart reading, but I'm just looking at the way the OSX ran up in October for a couple days with no resistance, and thinking that the run down could match it. Perhaps someone who is experienced at reading support/resistance levels can comment. This is just a theory.

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