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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (36376)	1/1/2000 2:48:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 99985

I play oil services only through the Fidelity Select Energy Services Fund (FSESX). So I will not comment on individual stocks. The OSX (pil service index) has been extremely volatile this year with several big corrections on the way up. I have played these and been in and out several times. I got in again a few weeks ago after the latest OSX correction. Have a good position, but not as large as when OSX was near the lows. My current strategy is shifting from buy the dips/sell strength to simply buy the dips. The OSX will remain volatile but probably will be less so then last year now that people are growing more confident that oil prices will remain north of $20 longer-term (almost nobody expects current levels of $25-26 to last much longer). OSX has a good chance of regaining its 1987 peak of 140 this year (now 86) There will be many twists and turns, but big rewards again for patient investors. And a dime will get you a dollar that the OSX will VASTLY outperform NASDAQ in the year 2000.