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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (51928)	9/27/1999 1:42:00 PM
From: Gary Burton	Read Replies (2) \| Respond to of 95453

Just a thought---The FIRST material move down at the start of a Bear Mkt never has any rationale for it and usually takes place when the Bulls can correctly argue that 'all is well' economically--which is of course why FA is relatively worthless here--It is only after the drop gains legs that the economic reasons start making themselves visable...That is the case both for the general market as well as the Energy Sector btw.... If one looks back at the news background in the early stages of a major trend reversal, one won't find reasons for it that make too much economic sense. In fact, quite the contrary-the news and current environment usually argues for a continuation of the uptrend.---bottom line--talking about the favourable backgroud underlying energy trends is in my view somewhat futile here. Same for general market. --I DO think that both energy and the general market have one more leg up to newer highs, but that is from my EW tealeaves and not anything to do with so called fundamentals (which everyone already knows all about anyway so no predictive value added)

To: SliderOnTheBlack who wrote (51928)	9/28/1999 1:54:00 AM
From: articwarrior	Respond to of 95453

"Anyone trading, buying, chasing HEC ? Razor - covered (VBG)" Good news for Columbia as the IMF has once again dipped into the till and helped Columbia on to it's feet saying they have a good economic plan. Perhaps this bodes well for OIL and HEC since both have major positions in this country. Although that last bad news on the well wasn't awe inspiring for HEC...I bailed on the first news blast and am glad I did..Still for those with anemic wallets stay away! Artic