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

To: jim_p who wrote (73337)	9/13/2000 5:47:29 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

Somewhat OT - Odds favor a short term technical bounce in techs. My reasons: Oversold technically short term, oil prices are coming off their highs a little, the SOX held the important 200 dma average (double bottom as well), triple witching almost over, and the CPI and tomorrow's reports are likely to show a slowing economy. I bought a few techs in the last hour to play the bounce. Sold my ATW today. Long term it will go higher, but I have a decent shoping list and I do think we'll get an OSX pullback soon. Right now the markets will wait to see if/when Clinton releases SPR and they'll wait to see how much OPEC oil arrives. I'm glad oil prices weakened a bit today as it removes some of the political pressure from the sector. Still watching the XOI. If it does make new highs I won't ignore it. I'll get buy back some OSX laggards in a heartbeat.