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 (36898)	2/5/1999 1:51:00 PM
From: Gary Burton	Read Replies (1) of 95453

Chart wise-we are a critical juncture in the OSX. If it can rally some more and print above Wed/Thurs' high tick, that will count as 5 waves up from the recent low in the mid 48's and would improve the liklihood that any subsequent pullback next week (due to perhaps falling crude prices) will base out above the 48ish low and then head higher. -ie crude might put in a slight new low but osx may now refuse to follow, on the basis that it is the last hurrah. ---On the other hand, if OSX fails in here and heads lower and takes out Monday's high on the downside, then the odds shift in favour of new osx lows as well. We shall soon see.

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