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


To: CommanderCricket who wrote (40120)3/12/2005 10:55:32 AM
From: chowder  Respond to of 206220
 
CC,

If you are playing the E&P's as opposed to the oil service stocks, then my analysis is totally different. My apologies to you. I assumed it was the OSX, not the XNG that Paul was talking about since it was the OSX that most of the recent comments have been focusing on.

The XNG is in a different mode altogether. It hasn't seen the technical damage that the OSX has. In fact, since you have been following my thread, the XNG presented one of the buy set ups we use and that's coming down to the 20 day moving average off a recent high.

The reward to risk ratio is much better with the E&P's at this time.

stockcharts.com[h,a]daclyiay[d20041212,20050312][pb50!b20!f][vc60][iut!Lah10,23,9!Lc20]&pref=G

You've done well! I've been there to watch it. Congratulations and keep up the good work.

dabum