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

To: chirodoc who wrote (3948)	11/29/1997 12:53:00 AM
From: Broken_Clock	Read Replies (1) \| Respond to of 95453

The candles and charts I am looking at don't look good either way(up or down). My gut says OPEC news will not encourage anyone to buy a driller on Monday. I thinks it's much safer to see the follow thru for at least ONE day. That is probably the one major key to reading candles....always wait for the confirmation!!! For now I'm calling sideways with a movement down rather than up. I wouldn't feel safe buying puts, tho. These stocks could kill you in a day doing that at this point. Once they turn up it could be Sept/Oct all over again...but I doubt that will happen...more likely would be $1-2 rises with some bigger days thrown in. ...IMO.