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

To: RGinPG who wrote (11060)	2/8/1998 10:48:00 PM
From: Thean	Read Replies (2) \| Respond to of 95453

<TA> Ron, I would agree with your analysis more if not for the flattening of stochastics for many of the offshore drillers. The action ended last week without much of a direction leading into tomorrow. This weekend did not produce anything extraordinary to swing one way or another. We have a day or at most two to see if any drillers will catch on the wave or get bounce back from the upper BB. RIG is going to report before the open tomorrow right? I'd watch RIG then. The case for a down day will be if RIG's fully diluted earning failed to meet expectation and some cautious remark (e.g. on crude price) made on the announcement. Right now I'm totally neutral. I would place stop loss for those land drillers which close near their recent lows just in case. For the offshore, I will want to see what sort of direction they will take by midday. If we have a repeat of Friday, then your scenario will become more likely.

To: RGinPG who wrote (11060)	2/9/1998 12:42:00 AM
From: JHR	Read Replies (1) \| Respond to of 95453

Ron, great site. Just curious, are you using the same methodology that Dorsey does in his point and figure charts. I looked at GLM and you have a breakout of a triple top whereas I dont see it on Dorsey's charts. It never hit the 26 which would have been the breakout on his charts. You also have more x's and o's for the last few columns than I get using his criteria. One other question. I cant print the right side of your frames. I get up what I want on the screen and hit print frame, but it always comes out with the left hand side. TIA