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: Crimson Ghost who wrote (32044)	11/23/1998 4:19:00 PM
From: marc chatman	Read Replies (1) of 95453

<<Looks like those buy signals last week were bogus or at least premature.>> Not necessarily. If you check the last couple of turning points, there were a few days of churning at the bottom before a two or three day burst straight up. It's hard to believe that the DJIA will hit 10k in a couple of days while leaving the pitiful OS companies far behind. But I won't be playing this for a turn. I don't believe in this type of stock market. It reminds me now of the markets in places like Singapore and Hong Kong, where the markets are essentially glorified casinos.

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