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


To: The Perfect Hedge who wrote (7558)1/11/1998 6:20:00 AM
From: MonsieurGonzo  Read Replies (2) | Respond to of 95453
 
Glen; RE:" OSX.X Index T/A "

As promised, CaliforniaCat...

geocities.com

...chart is 1024h x 635v .jpg

The TrendLines and Horizontal Supports are hand-drawn, as always. The dashed lines are fibonacci retracements which are calclated, but "placed" on the chart by hand nonetheless.

Not listed on the menu is a chart of the Norwegian company, NHY...

geocities.com

...which may be of interest to some of the oil boyz-n-grrrlz here.

-Steve



To: The Perfect Hedge who wrote (7558)1/11/1998 6:27:00 AM
From: DNaber  Read Replies (1) | Respond to of 95453
 
To All, this last week has been hell. As far as sentiment, I've watched a huge number of former driller bulls on this and O&G thread go from uncontained bulls to hesitant to outright bears. Now we have astrologists predicting a market crash. We have downside predictions of drillers in the 4-5 forward PE ratios....oil at 12$...DOW of 6000.....global depression.....this to me is great news...the sentiment can't get much worse....If Astrologists can give equity predictions, then I'll take a gander at it.
This week we'll see a early failed rally, ...followed by a resumption of downward movement to last Friday's intraday lows ( I think this move downward will be fueled by large overall mkt weakness). At that point the bottom will be in place and the correction will be over. Then , a couple of weeks trading range between the lows of Friday and the failed rally highs. Then onward and upward as the market realizes that the sky is not falling and digests the drillers earnings. IMHO and Good Luck to All. Dave



To: The Perfect Hedge who wrote (7558)1/11/1998 10:45:00 AM
From: Big Dog  Read Replies (1) | Respond to of 95453
 
Glen -- I think you have totally fallen off the deep end. Now you are trying to get guidance from Uranus !

Man, it is amazing what people will use to "forecast". And you know what? Using the planets method will work just as good as any of the "traditional" methods that are more palatable to investors.

This is because NONE OF THEM WORK. Therefore, they are all equally valid.



To: The Perfect Hedge who wrote (7558)1/11/1998 11:38:00 AM
From: stevedhu  Respond to of 95453
 
Glen
I realize you are probably dreaming of stars and a balistic oil sector as I post this but if I were in your location I would get up grab my long board, paddle out and look outside for a huge wave and get high on a beautiful morning. Don't get me wrong, I'm not trying to tell you what to do it's just what I would like to do, and many years ago did in Santa Cruz.
If I remember correctly Mike posted about 5 monthes ago that this industry can turn on a dime and it has, due to circumstances beyond it's control, but believe me it's nothing like the mid to late 80's or early 90's and GOD, I hope won't let that type of situation ever happen again.
Mike; not that you need it, but you have my permission to put the STAR in, and I thought you were going Quail hunting in Kingsville. I hunted the Yaturia ranch, just south of it a few times when I lived in Brownsville in the late 60's early 70's.
Hang tough ya all
Steve