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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 (9652)	1/25/1998 10:39:00 PM
From: John Carpenter	Read Replies (1) \| Respond to of 95453

S&P Futures down 8.9(almost 70 Dow points) Positive NY Times article on FGII coupled with positive Barron's article on RDC may help to ameliorate the situation for the drilling sector however. Yes, there are people who take the SuperBowl indicator very seriously. Traders often are a superstitious lot. I really don't care what happens with the S&P. The drilling sector was one of the first sectors to correct. If we're not already baseing, we should begin to base soon. Perhaps some other sectors may get a taste of what we've been through. It's all part of what Larry Wachtel calls "sector rotation".

To: The Perfect Hedge who wrote (9652)	1/25/1998 10:46:00 PM
From: donald sew	Read Replies (1) \| Respond to of 95453

Glen, I'm just not sure of the futures. Please keep in mind that the HiTech sector was still near the overbought range so that does not help the upside either. I had previously indicated that the overall market should be down for the next 1-2 days with reversal starting Wed. What is throwing such prediction off was the strength in the HiTechs when they were severely overbought and should have come down alot more. Seeya