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To: waverider who wrote (8552)	1/16/1998 8:26:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 95453

Diamond, Here is one aspect to look at: This is the third full fledged attempt to break the down trend line in OSX(there was one attempt cut off at the knees which doesn't count).I just pulled charts on SLB, NE, FGII and CDG. NE & SLB are leaders.They are right at the down trend line.CDG & FGII are almosr there.SLB has strong resistance at 78 so it's at a crossroads come Tuesday.It must break deciseively thru 78 and turn it into support thru next week or it's grab your parachute time(IMHO).NE is at the same place...down trend line and strong resistance meet at 28($.25 above its close today so the same rationale applies to NE).I think at this point we can safely say: As SLB goes, so goes the drillers. I think Thean will confirm something along these lines. Dave

To: waverider who wrote (8552)	1/17/1998 12:37:00 AM
From: Lazlo Pierce	Read Replies (2) \| Respond to of 95453

Diamond, re: P Engr a final time. Noone is or was suggesting that you or anyone blindly follow somebody else's opinion. DD is just that, Due Dilligence. If I lose money, I want to take the total responsibility for my actions. P Engr's posts though are something that I take into consideration these days. On 11/5/97, the day of the OSX all-time high he predicted a severe correction of ~ 25 - 30% in this sector, and the immediate response on the AOL board was one of disbelief, and scoffing. He's called the bottom and top of the subsequent bounces fairly accurately, with a few missteps along the way. He's got an excellent FA approach, as well as a strong TA background, and is merely another resource for anyone to do with as they please. There are no gurus, no methods, no teachers (couldn't resist a Van Morrison reference :-0) Dave