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

To: mph who wrote (9962)	1/28/1998 11:55:00 AM
From: RGinPG	Respond to of 95453

<TA> It does sound kind of contrary to say stochastics are strong and it's time to buy. Usually you use stochastics to determine if a stock is overbought or oversold. If a stochastic is strong, it means it is overbought and time to sell. But this strategy will have me selling when there is a real turnaround in the stock and it never gets back into the "oversold" range until after it has had a long run up (several weeks) and finally a dip. I think this is where we are at. Several stocks in this sector as I said ARE in the oversold range and will trigger buy signals (maybe) in a couple of days. But most of them are in this "Srong" stochastic range suggesting a turnaround. Strictly a theory of course, but I'm betting money on it. Especially check out the composite charts under the Hyperlinks: Land Drillers Dp/Shall (Deep & Shallow Drillers) Service (Drilling Service Companies) at lonestar.texas.net Note the stochastics (12,3) at the top of each chart. Does anyone else interpret the same pattern?