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

To: Thean who wrote (3727)	11/24/1997 8:33:00 PM
From: Iceberg	Read Replies (1) \| Respond to of 95453

> My favorite Stochastics clearly failed this time Thean, My interpretation of what you are saying is that a downturn from the top in stochastics isn't too meaningful in an uptrend - and an upturn in stochastics from the bottom isn't too meaningful in a downtrend either (now) . Is this what you are suggesting? If so, it's consistent with my understanding of stochastics, and is a concept that would substantiate your views as posted. A comment or two on this would be most appreciated. Thanks. Ice

To: Thean who wrote (3727)	11/24/1997 8:41:00 PM
From: John Carpenter	Respond to of 95453

I think this thread serves the purposes of entertaining the patricipants and consoling those who have lost large amounts of capital(we share mutual empathy-except, of course,for scname.) If you still believe in the fundamentals, as I do, hold your position, or if you can, add to it regularly. It's not sexy to say this, but no one, myself included, can consistently predict the short term direction of these drillers. During times like these, technical analysis, while perhaps entertaining, is utterly useless. This is a win-win situation for me. If RIG, DO, and RB increase in value, I will become wealthier. If not, my cat has been destroying my wallpaper-so ultimately my shares will be put to good use even if they have no intrinsic value, they should make excellent wallpaper.