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: Linkdog who wrote (43327)	4/27/1999 10:30:00 AM
From: marc chatman	Read Replies (2) of 95453

While not a TA expert by any sense of the imagination, I'm watching a couple of indicators. The OSX bounced off the middle Bollinger Band (daily chart) this morning; as I understand it, in a bullish trend, pullbacks often stop at the middle BB (I don't rely on this indicator, FWIW). In addition, as I mentioned earlier, the 10 minute chart showed a bullish MACD divergence. I am now watching the 60 minute chart to see whether the MACD can flatten out and cross-over. I think the strength of today's move makes that likely (in the next day or two). Anyone buying PGO here?

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