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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (36093)1/28/1999 3:31:00 PM
From: marc chatman  Read Replies (3) of 95453
 
Slider, if we finish up at 51 or so, on decent volume, I'll look to buy. If we close near the lows, I won't.

Remember -- it's only a quadruple bottom if it holds. Sometimes, in fact quite often, a support isn't violated the first or second time it is revisited. I understand there has not been huge dumping this time. That won't come unless the floor is broken. I don't feel a decline of 20-30% from here is probable, but it certainly is possible.

EDIT:

I see some buying coming in, but I can't judge the strength, or whether it is shorts taking profits.
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