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

To: Tomas who wrote (62892)	3/24/2000 10:03:00 PM
From: Roebear	Read Replies (1) \| Respond to of 95453

Tomas, You have been a wealth of good posts here lately, so this one's for you, best I can offer tonight: securitytrader nat gas weekly shows important gap resistance at 2.884. Breakout from this level shows a chart measurement of 3.42! ST is very good with their chart measures! PKD made the weekly long term list today, a hot LT chart with a top measurement of 9 1/8. Nice graduation from a short term stock watch to long term hold candidate. OSX must close above 115.24 or it is still in consolidation. (ST uses no FA at all, so they would not take into consideration OPEC meeting on Monday, for ex.) Finally, my gold stock AEM, which I have not added to last few days because of demands of oil positions, has formed a perfect 4 reversal channel coming off of a massive inverse head and shoulders. (Now I know this is not a fave pattern for many, but it works for ST). For those here who a year ago have done the unthinkable, bought oil stocks under the threat of $5 oil... you may have the courage to carry the unthinkable to unheard of levels. Perhaps small initial positions in PM stocks, like Buffet his silver, Gates his PAAS, (and at the OPPOSITE end of the spectrum, Roebear his AEM!ggg) would be a place to store some of those oil profits???? Gold is very sleepy, and it gets like this just before a big move (but which way VBG?). I suspect (therefore my caution) a run the stops drop and then a rocket launch, but when I do not know. Sooner than later, perhaps, the gold bear grows very old and ready to morph. I do know to watch the US $ for a clue. Best Regards and good night, Roebear