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

To: E. Graphs who wrote (3069)	11/18/1997 1:06:00 PM
From: Thean	Read Replies (2) \| Respond to of 95453

E, No I don't have a group chart. I look at them individually every night. As to the driller situation, remember what I said last week about people coming out and offering all sort of explanations to why the drillers are dropping everyday? Seen that happen before too!! Seriously, I believe the indicator that will be most telling if the short term tide is going to turn is the Japanese candlestick. We have had a series of lower lows for the past 7-10 days now. The worst case scenario is we go down for another 2 weeks (that happened in January 1997 in case people don't remember). The day the drillers close higher than the openning prices, that would likely be the day that signals the short term bottom has been reached. Could be soon. LT, I have a $30 limit buy on NE. Sold MDCO already. Don't think you will sell it to me but hopefully someone will. At this point I expect those companies that have dropped the most to give the best short term profit when the rebound occrus. PDS and FLC are tempting.