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

To: Think4Yourself who wrote (59679)	2/3/2000 4:19:00 PM
From: ItsAllCyclical	Read Replies (2) \| Respond to of 95453

TA types say general market still in a bear mode despite today's bounce biz.yahoo.com I added to my QQQ short position at 192. I will add again on any spike in the nasdaq tomorrow. I think we are at most 2-3 days from turning around again on the nasdaq and losing 5-10%+ again. If we fail to break 194 (52 week high by much) then I'd say the chart looks very much like a head-and-shoulders formation. Too early to say for now. I reduced margin further today in my oil stocks. Still have not touched my core holdings, but have almost eliminated my trading positions. BTW, JohnQP - I have been out of PXD since earnings. At this point I think another retrace back to 8 is possible. PXD's story will take longer to unfold than OEI's and VPI's imho. It does not seem to have the same institutional following of OEI. I would also like to see them reduce debt at a faster pace. If it goes below 8 1/2 again though I'll consider trading it.