Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SliderOnTheBlack who wrote (60172)	2/11/2000 2:42:00 PM
From: Ronald J. Clark	Respond to of 95453

XOI ran from a low (3 year low) of 376.52 in March of 1999 to a high of 547.54 in the Sept/Oct 1999 time frame. This afternoon its trading at 430 and change. An 80% retracement of the run from 376 to 547 would take us to about 410. Wonder if it will hold there? There is a lot of time between now and the March OPEC meeting for the XOI components to get beaten up. If 410 doesn't hold, where does TA say we could look for support? 376, the starting point of the run last year? Ironic that we approach the XOI 3 year low point when oil is near $30.00/bbl!