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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?


To: gongoman who wrote (84239)3/5/2004 1:19:24 AM
From: Drbob512  Respond to of 100058
 
gongoman: I would like to see crude below 35 and daily stochastics on energy stocks below 25%. However, the momentum is so positive that i probably won't get that in the near future, but i wanted to take some profits as energy was overbought and i saw better opportunities elsewhere.

You are probably in good shape, especially if you are in drillers which have been the best sector within energy. I am positive towards energy stocks longer term of course.

Good luck and good trading,

Dr.Bob