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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 (8596)	1/17/1998 4:22:00 AM
From: RGinPG	Read Replies (2) \| Respond to of 95453

Anybody worried about a possible general bear market? Check out the new charts at lonestar.texas.net (Yes, we finally figured out what was wrong with the url) Check out the Bear Markets and interest rate charts for the last 70 years. Looking at the short term trading charts, I think we still have at least two positive days left. But I also feel that this is just the beginning of a turnaround for this sector. I'm only getting my margin back to 50% at the next sell signal, I'm not dumping all of my margin as originally planned. Parker Drilling has already broken out strongly with a convincing reversal in its downward trend; especially if it can follow up with some gains, or even remain flat to slightly higher for a week. Hey, maybe earnings DO matter. Check out the short term trading chart on PKD. Remember, in a real turnaround, the charts look overbought, and then become even more overbought.

To: The Perfect Hedge who wrote (8596)	1/17/1998 12:35:00 PM
From: Lois R	Read Replies (2) \| Respond to of 95453

Value Line, Jan. 16th Timely Industries update Sector still given 1 ranking B.J Svc (2) Estimated Range of 3-5 year appre. 85-175% Baker Hughes (2) 25-100% Camco (2) 15-75% Ensco (1) 110-225% Global Marine (1) 115-250% Halliburton (2) 25-90% Noble (1) 45-150% Parker (1) 80-220% Rowen (1) 45-130% Tidewater (1) 90-225% Varco (1) 60-165% I have compared these projections to the ones in the Nov. 28 sector reviews, and they all seem to be up. (Example: Varco then had a low of +15% to a high of +90% in the 2000-02 projections) I saw the following sentence in regards to the drillers on a Traders board relating to warning of a downturn. "lower volume on up days, a top of trend channels running into overhead MA's etc." Are trend channels the same as trend lines?? Lois