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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: VLAD who wrote (38201)2/24/1999 4:54:00 PM
From: SargeK  Read Replies (1) of 95453
 
News or Spin,

The good news for the sector will start coming out when the average small investor is cleaned out. Very few people wants a stock when its on the bargain counter. The average investor only buys a stock after it already going up and "showing strength". The history of "Market Psychology" has demonstrated this time and time again.

Again, the 800 day OSX/SP500 chart...

osxstocks.com (scroll to bottom chart)

If one really does believe in "BUY LOW" and "SELL HIGH", which of the two indexes warrant a BUY and which one warrants a SELL?
Simple questions. What is the concensus answer on this board?
Please post simple answers OSX or S&P500.. Historically, divergence of the two charts doesn't get wider than it is right now, today.

K
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