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

To: Chuzzlewit who wrote (4825)	12/11/1997 1:33:00 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 95453

Paul, I don't understand much of what i read about ta, but, if I was of the menatality that you are(and I am somewhat) then I would still want to have an idea that if I waited a month that there would be a good entry point. I think that candlesticks do give short term indication of stock direction when trend and fundamentals are considered. the basic concept is based on investor sentiment. When the patterns form, the patterns have been more accurate than not. The more I learn, the more convinced i become. To each his own. For the record, two big blocks passed over on GW a while ago(amazingly, the buyer(s) bought over 100,000 shares at $6 or so, which is very close to the support base of 11/26). Looks like a repeat of that scenario. The heaviest buying of GW occurred at the low of $6 2 weeks ago. I think someone has buy stops at $6. If this low should hold above Nov. $5.50 I think it's a very good indication that the lows for GW were tested and held. It seems that several stocks today have rebounded from the intraday lows. There may not be an immediate reaction tomorrow, but next week should be interesting. I am more positive today. All those funds have to put money somewhere. The ROE(fundamentals for those so inclined) are very positive for GW next year. If you were a fund manager would you buy techs or drillers?