Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Czechsinthemail who wrote (10797)	2/6/1998 12:31:00 AM
From: RGinPG	Read Replies (1) \| Respond to of 95453

<<TA>> My short term stochastics are pretty much worthless at this point since we remain in the overbought area (and will hopefully remain there for awhile). The bearish/trading pattern we have suffered the last 2.5 months is over and we are now in a bullish turnaround higher lows/ higher highs (the previous OSX peak on 1/20/98 was 107.27, today the high was 107.43) pattern. This is the time Paul will beat my TA, because it will probably make me sell too soon. So, unless I get some really ridiculous bearish signals, I'm holding (although I might dump my dog land drillers if they get anywhere close to overbought). The OSX and most of the stocks I follow did very well today considering the overall bearish mood in the markets today. This is further confirmation of the turnaround to me. The action in the last 9 trading days, and especially the last two has been exceptional. The OIX (XOI) has confirmed this bullishness going almost straight up the last 2 weeks(only 1 down day). So what's going to happen tomorrow? I don't know. But I'm glad I was fully invested at the bottom, and I plan to stay on this ride for a long time. But, if we do go up tomorrow, I'm definitely putting Point & Figure charts at the site lonestar.texas.net Thanks P&F