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

To: William L. Oppenheim who wrote (10647)	2/5/1998 4:22:00 AM
From: RGinPG	Read Replies (1) \| Respond to of 95453

<TA> That having been said, here's my take on what I think is happening now. We have confirmation of the turnaround with a rally after consolidation, that is, a move up after a higher low. I'm fully invested and holding on to everything I have. The confirmation of a higher low is seen in all the individual stocks I follow except of course the land drillers. They are flat at best, some showing a lower low still. But the Deep/Shallow drillers, and general oil service companies are showing this very bullish pattern in my opinion. I will ride this rally until it looks like it begins to sputter. Then I will only sell off a portion of my portfolio to use to buy in at the next dip. I got only one buy signal on the stochastics before this rally, and that was on EVI. The reason being the stochastics never got low enough (into the oversold range) to trigger a buy (thanks to the general turnaround with higher lows). The last time these stocks rose after a sell signal was 5 mths ago before the big rally (that led to the big fall). GD: I will get a sell signal on EVI after the close Thursday. But all of these stocks are going up after their last sell signals. I bet EVI does the same. Remember, in a rising market (as opposed to the falling/trading range we've been in) this sell signal was always too early. P.S. The discussion forum is working at lonestar.texas.net