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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 (74250)9/22/2000 2:45:53 PM
From: ldo79  Read Replies (2) | Respond to of 95453
 
BOA likes OSX longterm:

Friday September 22, 2:15 pm Eastern Time
Press Release
SOURCE: Banc of America Securities
Banc of America Securities Analyst Says Oil Services Is in a Multi-Year Up Cycle

biz.yahoo.com

Regards



To: jim_p who wrote (74250)9/22/2000 3:03:58 PM
From: isopatch  Read Replies (2) | Respond to of 95453
 
JimP. Here's the XNG hourly:

siliconinvestor.com

Nice positive divergence in stochastics shows some evidence of a bottom. Momentum has turned up and MACD is getting pretty washed out.

But the daily says it's too early to call a bottom. Just that we are in a support area 212-16 and should at least try to mount a ST bounce.

siliconinvestor.com

Key as I said before is how healthy does it act on the bounce. Just have to let the tape tell us. Stochastics not ready to cross yet. And even if they do, a weak rally would signal a test of the lows and possibly a lower low as was the case during the July decline.

That's why am sitting on adequate cash to roll with the punches. Will add to my fav NG E&Ps on further weakness or on good confirmation that an Intermediate low is in place.

Like I said to EZ, just tak'in it a day at a time.

Hey that's a heck of a projection on SMOP. Now I'm really glad I bought a chunk. Thanks Jim.

Rock on.

Isopatch