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


To: dmccoach who wrote (58402)1/13/2000 11:26:00 AM
From: oilbabe  Respond to of 95453
 
MDR moving up smartly today. With tax selling out of the way, it looks poised to move higher. I have even seen it mentioned on "non-drilling" boards!! OEI down...again...hope the CEO like tuna! (VBG)~



To: dmccoach who wrote (58402)1/13/2000 12:14:00 PM
From: ItsAllCyclical  Respond to of 95453
 
OEI looks fine to me from a TA standpoint. We broke the long term downtrend line and our uptrend from the low 6's is still intact. A pullback the last few days is normal considering the spike from the mid 7's to the mid 8's. We'll reach 9 by earnings. It'll be slow and steady mover. Don't expect too much unless the XOI starts breaking above it's 50/200 dma and the APA breaks back above 37-38. Then the sector will get noticed again.

Only a close below 7 1/2 would concern me at this point.

Just my .02