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

To: Bazmataz who wrote (10195)	1/30/1998 11:51:00 AM
From: The Perfect Hedge	Respond to of 95453

oil getting whacked .92 down.--to 16.90

To: Bazmataz who wrote (10195)	1/30/1998 12:02:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 95453

Barry, if you are looking for an entry, I suggest you use caution today. 1.SLB is once again the indicator for the pack.On an intraday basis, it it testing the support at 74.50.Ask size is larger than bid consistently.If it breaks thru 74 then we're going down.Don't know how far. 2.Oil is probably down based on Glen's post of last night(offer to increase Oil amount allowed from Iraq). 3.The market has had a run and it is friday.Probably not much motivation to hold till Monday for the traders. 4.Clinton mess still weighing on the market. Dave

To: Bazmataz who wrote (10195)	1/30/1998 4:40:00 PM
From: Thean	Read Replies (2) \| Respond to of 95453

Just checked in today. What can I say but to repeat my statement made yesterday about being a "one day wonder"? Today's action confirmed my suspicion yesterday towards the close - that the big funds are not biting yet. Will look at the charts and all more carefully this weekend and post later. Did I pick up any PTEN yet? Traded it in the past, I'm now with some UTI. Both are dogs. Unfortunately, they can go even lower. I'll double my position when they go down to rediculous level, like 20% lower. I can always count on a cycle bounce to bail out later. The only way they can beat the average is when we have a true rally.