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

To: Broken_Clock who wrote (8691)	1/18/1998 10:01:00 PM
From: Ms. X	Respond to of 95453

Hi there, Thought I might jump in here and see what I could offer. I started in on the Oil services once the sector fell below the 30% to 13.4%. This is the lowest it has been ever I think. Looking at the charts, once this sector begins to move it moves rather quickly. My concern is the overall market bullish percent is moving down and I will feel much better about any positions once this indicator moves up. That all being said. The stocks in this sector who have held their relative strength during the down trend are: BEXP, CHRHY, CLG, CRBO, CRK, DXD, KPU, MBOC, PETD, PNDR, PSFD, RES, SESI, SPPTY, TEXP. Of those CLG, KPU and PNDR have given buy signals, their trend is positive and their daily momentum has turned positive. I like to see stocks that are making good signals and strong RS during a downtrend. This tells me that when the sector reverses these may be the ones to benefit the most. In other words if they are strong during a downtrend the could certainly be strong in an uptrend. I would also watch SLB. Daily and weekly momentum just turned positive and a move to 81 gives it its first buy signal off the bottom. I look for this one to move nicely as well, once the sector reverses up. Best of luck to all.