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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (12002)	7/18/2001 11:25:45 AM
From: Chris	Read Replies (1) \| Respond to of 52237

for you oil fans 11:10 ET Sector Watch: Oil Services : -- Technical -- The OSX may have run across a near-term support level. While still trading in negative territory, the index has bounced off its intraday low of 80.7 which approximates support in a band of 79.50-80.1 (lower end of the 10-day and 20-day Bollinger bands respectively). It almost goes without saying that the index is severely oversold on both a near and intermediate-term basis. If the bounce should sustain itself, index faces little in the way of resistance in the intermediate-term until its 10-day simple moving average around 91. Would be wary of holding anything in the group if the index would edge back towards 81 on an intraday basis.