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: Gary Burton who wrote (32571)	12/7/1998 6:39:00 PM
From: marc chatman	Read Replies (2) of 95453

Thanks for the E-wave reading. (I know very little about it, unfortunately.) I bought the sector today for a trade, but for long term investment I have been waiting for MACD divergences. The weekly charts on the MACD show a beautiful divergence, but with the magnitude of the last dip, I have been thinking that there could be one more lower dip on the daily charts to create a divergence there as well. Of course, who knows? It's hard to suggest that a long term investor should risk missing a major bottom in order to try to save a couple of points. Good luck.

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