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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: chowder who wrote (4296)9/18/2001 1:42:42 PM
From: ItsAllCyclical  Read Replies (1) | Respond to of 206114
 
Looks like it's all over for the XNG (192.5 now). Next support 180, then 160...and then lookout below. I think 160 sometime this fall is very likely and beyond that I don't really care.

With the XNG index breaking down and fund managers needing $$$ to buy other sectors (when they eventually turn) I expect energy (especially the E&P's) to get continue to get liquidated this fall (regardless of commodity prices st).