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

To: excardog who wrote (80786)	12/5/2000 4:20:10 PM
From: Roebear	Read Replies (2) \| Respond to of 95453

excardog, Despite my negative views of the OSX lately, I increased my energy position to 55% near the close. A review of the charts today shows some energy stocks with possible bottoming patterns (for ex, ESV) along with the chance of the OSX chart showing a bottoming pattern very similar to that exhibited in late July around OSX 108. Combined with the weather outlook, I thought I would take a chance on some good API numbers this week and or next. While there is still a chance of OSX 77-80, there is also a chance of OSX 120-125. Still 45% cash, while I started the day out considering buying some XAU stocks, again after reviewing charts, I decided to sell instead and take a chance on buying back on a retrace to support. So far that is looking promising also. We'll see. Note the fact that I was tied up with work most of the day precluded any forewarning of my changing bias. Hey, it works for Greenspan, gggg! Best Regards, Roebear