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

To: freelyhovering who wrote (8934)	1/21/1998 1:41:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 95453

UTI held well, not breaking its bullish support line until 17.5. The daily momentum has turned positive but the weekly momentum will not until it reaches 21. Monthly momentum is negative (most in this sector are). It has a long way to go until it reaches its first P&F buy signal off the bottom at 27. I would want to see higher bottoms and tops (since it has given 7 consecutive sell signals) as well as a buy signal before initiating any new positions. The relative strength is negative but seems to be leveling off. Would like to see this indicator reverse up too. I've mentioned to others that the Oil Service sector, I believe, has reversed up. I will try to confirm tomorrow. If so this will give UTI a good base to move on. I don't know if you are long or short on the stock. I'd hold if long, wait for any new positions. Best of luck.