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To: Tomas who wrote (63716)	4/3/2000 10:50:00 PM
From: ItsAllCyclical	Read Replies (3) \| Respond to of 95453

OSX 118.86 and no cheers? It's the highest close we've had in well....quite a long time. (John Q. Public, the train backed up for Cliffe today? I don't think so...) 207.61.23.98 If you go back to the beginning of dec. the recent action does not look over-extended. However SLB probably doesn't have too much more appreciation here short term and that will weigh heavy on the index. I don't think SLB can make a new all time high this early in the cycle, but it takes out 85 it'll probably run to 100 based on momentum and short covering alone. If we has OSX 118 and SLB at 65-70 I'd feel much better about the index. Testing 125 ish should be done sometime in the next two weeks if this uptrend continues. I can't imagine the OSX hitting 125+ without PGO hitting 19-20+. Right now it's the only OSX stock I'm continuing to buy. UFAB is coming down more, but not quite compelling enough in the face of other options. SESI, NR, and KEG still look reasonable, but already have good sized positions.