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 (42646)	4/19/1999 3:13:00 PM
From: marc chatman	Read Replies (2) of 95453

<<time to fire up those Rig Party plans again !>> Aggghhhhhh!! The kiss of death. << any intra-day read on technical reversal signs here today guys ?>> Ideally, I'd look for a bullish pennant to form in this range for the next 2 or 3 days -- perhaps between 72/73 and 76 or so. The macd on the 60 minute chart is flattening and should kiss the signal line or cross-over tomorrow. Since there are no significant MACD divergences on the 60 minute or daily charts, I'm with Gary in thinking there will be at least one more strong move up before a more serious correction. It's probably more important, though, to keep an eye on the individual stock charts. It sounds like most of the posters have significant positions in OS, but outside the OSX. I hope I'm right, but one never knows.

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