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: marc chatman who wrote (39217)	3/8/1999 10:34:00 AM
From: Gary Burton	Read Replies (2) of 95453

Marc-good point re slb etc--what is bothering me is that, after a rally, my EW count on the XOI also suggests one more shot down. Maybe I'm reading the charts wrong, as they're not crystal clear, but I for one will become VERY careful when this current rally looks that it has peaked out....whether that is before or after Mar 23 i haven't the faintest idea.....OSX could theoretically retrace all the way to 1 point less than the 123 interim peak last May and still go to a new low and still be a valid count. I just don;t know how far up we are going to go here. My trading software has 2 potential turning points if we keep going--70/72 area then 77/79 area. ...com'n VTS you're sure lagging in here. Don't you believe in the oil price rise?

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