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

To: HH who wrote (8763)	1/19/1998 5:30:00 PM
From: Ms. X	Read Replies (2) \| Respond to of 95453

Yes, I did muddle through the translation and was quite pleased with the message. I was somewhat concerned when SLB fell two boxes below its near term support at 68. The daily and weekly momentum just turned positive which is a good short term outlook for the stock. With this, I look for a move to 82 for a double top break and a move to 84 to break its bearish resistance line. I will turn bearish on the stock if it reverses down and gives additional sell signals at 72, 75 and (gasp) 67. 67 Would be the stop point. I do hold the belief that if you are going to buy in sectors that have sold to below the 30% level, you should buy the biggest in the group. SLB is it. Oil service traditionally moves from under 30% to 70% quickly. Currently, it resides at 25%. I'm hoping for a fun ride. Best of luck to you and thanks for the French lesson.