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Non-Tech : Dorsey Wright & Associates. Point and Figure -- Ignore unavailable to you. Want to Upgrade?

To: hdrjr who wrote (4560)	1/7/2000 2:25:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 9427

Hi hdr, A bullish catapult is when the chart is in a confirmed up trend, meaning no sell signals, higher bottoms and tops. Looks like this. X <--Double top break. Triple top break-->X X <--Double top Triple top --> X X X O X X O X O X O X X X O X O X O X O X O X O Higher bottoms. X O X O X X O X O X O X This shows demand is clearly in control. The OSX chart isn't in a bullish catapult currently but it is on a buy signal and looks to be basing. 91 ? <--If it can move to 91 it 90 X --X * --------* ----------\| --?---will break a spread triple 88 X O 9 O * X * \| ? top which would be 86 X O X O * X O * \| ? bullish. 84 8 O X O * X O * X ? 84 82 O O * X O C * X O ? 82 80 ----O --------X O X O --* X O ? ----80 78 O Buy signal-->X 1 <--recent pullback 76 * O X X O O X X 76 74 * O X X O X * O X O X 74 72 * A X O X O X * O X O X 72 70 ------O X O X B * ----O --O \| -------------70 68 * O X O * \| 68 66 O \| 66 The Oil Service stocks, the sector, is currently in X's at a low level which is good but it has lost a little ground. Only 1.2% from reversing down. This wouldn't be a major negative since the sector is so low currrently. I would evaluate by individual stocks what positions to take. It looks like the stocks are in a good position and would be fine for a longer term hold. I see nothing negative here. A bullish catapult isn't something one would predict. I think you mean they are predicting a big move in this sector. If the sector doesn't reverse down that could be true. It is at a low level. I'd have to look at some particular stocks to see how they look. If the OSX breaks that spread triple top well then, it may certainly mean a big move for some of those stocks.

To: hdrjr who wrote (4560)	1/9/2000 1:47:00 AM
From: PuddleGlum	Read Replies (1) \| Respond to of 9427

hdr- I don't own any oil service stocks, but if I were buying right now I'd look at ATW, CAM, SII, WFT, CLB, HAL, NE. Others look good, too, and I notice that many have built nice bases. Careful, I think that one or more of the above is still below the bearish resistance line, but I personally don't think it will stay there. I own a couple of e&p companies, but I think the OSX stocks will make money faster over the next month or so. pg