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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: patim who wrote (43956)5/5/1999 10:05:00 AM
From: Gary Burton  Read Replies (3) of 95453
 
Patim--I should have stuck with my earlier call that OSX would top out in the 78-80ish area. Monday's rise fooled me a bit and caused me to modify my forecast for a move into the 85-90ish area. But, this morning's dip under 78 now has that in doubt...Bottom line, if OSX prints under 75.20 it will likely get ino the 68-70 area (theoretically, it could bottom 1 tic above the earlier low of 60.52 and still be a valid count). If, however, 75.20 holds and then it exceeds Monday's high, we would still be on track for the 85-90ish area...At the moment, it could go either way in other words.....I will switch to all out Bearish only if 60.52 is taken out on a print basis.
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