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


To: mph who wrote (10525)2/4/1998 10:45:00 AM
From: Ms. X  Read Replies (2) | Respond to of 95453
 
Hi mph,
I had to check the coffee grounds this morning as there were no tea leaves to be had. Gave me a picture of a giraffe walking a dog in the rain somewhere in Paris...

Anyway, FLC: Sitting at a double bottom at 29. 28 would break this double bottom and it would be the second sell signal under the bearish resistance line. If it reversed up from here, look for a move to 33 to give a double top buy signal and break the bearish resistance line. This would also flip the daily momentum positive. This would be a good sign for the stock. The relative strengths last signal was a buy however, it had reversed down. It does appear to be strengthening though.

FLC looks to be a little slow off the block responding to the reversal up in oil services however, it does look to be responding on the upside. Watch for that double bottom break at 28, you don't want that.

All the best, I got a kick out of your message, thanks.

Jan