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

To: SJS who wrote (3162)	11/19/1997 10:41:00 AM
From: bw	Read Replies (1) \| Respond to of 95453

Hate to try and call it, but many are firming nicely off morning lows..NE, RB , etc..bouncing up. Watch SLB, HAL, GLM for trends developing. They seem to always show early market consensus..

To: SJS who wrote (3162)	11/19/1997 11:31:00 AM
From: Tom L. French	Read Replies (2) \| Respond to of 95453

Steve Market firming? Been away, just got your post, and I am NOT either a day trader or a very experienced technician, but it looks to me like the market (SP500) has turned up nicely at ~943 on a 15 minute chart at 11:30, although until and unless it gets over 945 and holds, it isn't too convincing; drillers are a very mixed bag; some got hit VERY hard today. They could go down more, based a on a comparison with the January 1997 correction, which Thean has referred to. I have been comparing a bunch of them on a spreadsheet, and CDG, for example, went down 45% then, and is down ~20% now. This situation is different though, and could be more than just a healthy correction/pullback after big gains, IMHO, because of the worldwide economic dynamics unfolding; I don't know what external factors were affecting this sector back in January.