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

To: Roebear who wrote (71020)	8/16/2000 2:02:47 PM
From: ItsAllCyclical	Read Replies (2) \| Respond to of 95453

Roebear, I'd be very surprised if this OSX rally lasts much longer. Now I'm not saying we need to retreat all the way back to 110, but I don't think we go too much higher. The XOI and crude prices are staying strong. I believe that's helping the OSX. Personally I don't care which direction we go now. I have enough in the sector to make out nicely and I have enough buying power to leverage another dip. I lightened my PGO position (which was overweighted) today to buy more pipe. If the Fed doesn't raise on Tues (which looks very likely) then I would expect Techs to rally and pull money away from the oil sector (at least short term). However, the API's and DOE # have become VERY important of late so more than anything they'll set the tone.