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 (32316)	12/1/1998 10:34:00 AM
From: Richard D	Read Replies (3) of 95453

Since the oil futures and OSX seem to trade heavily on technical bases, what is the significance of a triple bottom vs. a double bottom. An expert technical opinion would be appreciated. I agree with George that nearly 100% of those following the industry are bearish, including the Saudi's and Kuwaiti's. Generally that means most are near divested, of those who might divest. It looks ugly and there appears to be blood in the streets of the oil market. Richard PS Alan Chernoff is now admitting that oil has lacked support today.

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