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

To: isopatch who wrote (89819)	4/7/2001 8:15:32 PM
From: MetalTrader	Read Replies (2) \| Respond to of 95453

As I've listened to the media play various perspectives (of course never actually listening to what is said) I am struck by the insistence in creating conflict where none may exist. For example...when a steve roach asserts that the economy is continuing to confront recessionary pressures, while an abbi cohen says it's time to increase equity weightings, there seems to be an insistence by many on placing these two assertions on opposite sides of the same argument. They aren't. It is apples and oranges. Linked in a dance of ultimate intent, but separated by the chaperone of time. There are two separate debates in my view which have been put into some sort of confusing pablum and which for matters of near term investing should remain related but unique. In some poster's inimitable ways, (may god grant that they shall never be imitated) in the morass of ramblings, continued comments on the disconnect between fundamentals of the energy industry and energy investing should be noted and heeded as fair warning. Likewise reasoned and reasonable positions in gold/silver and investments that may benefit from weakening US$ are worth sidling up to. Do not be beguiled by the fundamentals if quarterly, monthly, daily or hourly performance is your focus. If the future of Natural Gas or storage technology or healthcare or optical switches is positive then by all means invest in it. But do not be drawn into debate on the next three months performance let alone the next day's armed only with fundamentals. I've waited six years for gold as an investment to cross my lips again and beginning last fall will take my time accumulating it, looking both ways at every crossing. Comment given without a care in the world whether anyone heeds, with no certainty, no guarantees, no memory longer than 3 days that any of it was said and subject to change without notification. MT

To: isopatch who wrote (89819)	4/8/2001 5:35:42 PM
From: chowder	Read Replies (1) \| Respond to of 95453

Hello Iso! In looking at your chart of the XNG, several things caught my eye. Some of the indicators are flashing a yellow light, from my perspective, as opposed to a red light. The price is getting near the bottom of the Bollinger Band. This could mean a short term bottom is near. The RSI is at the 50 range and in a lot of instances serves as a line of support. The Williams R%, which wasn't indicated on your chart, clearly shows the XNG is approaching oversold levels. I'm, not saying it can't stay oversold, afterall it did stay overbought for awhile, but it also is an indication that a short term bottom could be near. stockcharts.com[h,a]waclynmy[dd][pb50!d20,2][iLa12,26,9!Lb14!Lp14,3,3!Lk14] I've taken up some small positions in E&P's this past week and I'll add to these positions if the indicators can show a little more strength. I'd like to see the Sto's and MACD turn favorable. BTW, my ST trading turned into ST shorting in technology and proved to be rather profitable. Looking for INTC to get down into the teens and looking for CSCO to get down to single digits. Wouldn't that be something? dabum