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

To: drsvelte who wrote (4647)	12/8/1997 9:59:00 PM
From: Thean	Read Replies (1) \| Respond to of 95453

Just finished checking the TA on the drillers. Now Stochastics is firmly in place to show a bottom turnaround, I see a number of drillers are closing in on the BB upper band. One of the strongest driller, FLC, actually closes at the upper BB. If FLC is going to continue to move upward, it will have to ride the upper band through a series of higher high's. So after a week of recovery, we have covered about 20% of ground!! Will they continue to go higher and are they going to encounter some road blocks soon? Believe it or not, the very easy money has been made and we have a "minor" hurdle to cross in the next 1-2 sessions. Watch FLC closely because it is the leader righ now. Other drillers closing on the upper bands include PTEN (49), GLM, (30.5), PDS (30). There are many others as well. Just go to the IQC site. If intraday tomorrow shoots way outside of the upper band, consider selling into strength, IMO.