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To: ChanceIs who wrote (54341)11/10/1999 9:38:00 AM
From: SliderOnTheBlack  Read Replies (2) | Respond to of 95453
 
Technicans; what do you see for the OSX chart ? - garyB ?

Fundamentally; especially E&P's we certainly support a valuation return to OSX 85-90 prior resistance imho.

Technically this "cycle" from the Oct 8 initial selloff; nearly had a pattern of higher lows & higher highs; just a slight divergence off of it actually... Someone tell me why the technicals do not support a move back to resistance at 85-90 here ?

I think the OPEC cheating, or production increase spin doctor story is now dead... Positive cap ex spending expectations and the price of crude are the drivers once again...