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To: upanddown who wrote (55396)11/24/1999 5:28:00 PM
From: ItsAllCyclical  Respond to of 95453
 
XNG/OEI (components) - Thanks John and RWS for the info.

Looks like the XNG is a good index for E&P's in general since it contains many of the sector leaders (at least in market cap). I imagine once the XNG breaks out again so will OEI. To me the recent pullback in the XNG looks more like shorting then panic selling.

I wonder to what extent the XNG is followed by the big boys...