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

To: Broken_Clock who wrote (13639)	3/4/1998 9:35:00 PM
From: davep	Read Replies (1) \| Respond to of 95453

I use to follow every ta indi.,but support and resistance are the only thing you need to watch everything else is just confusion-hello candle sticks.Stochs are good as is 200/50 day ma but they both pale relative to s+r and you can be 5 yr old kid to interpret it(S+R) correctly no brainiacs required.S+R are the basics,look at intc last week was massive res@96 and it sold off instantly when it got to 95.5.MDCO has huge support at 17-pick it up there not here where big res is only 75 cents above where it closed today

To: Broken_Clock who wrote (13639)	3/4/1998 9:37:00 PM
From: The Perfect Hedge	Read Replies (1) \| Respond to of 95453

Looks like the Big boys thought WII went for too little: >> Oil prices dropped to $15.07 today as Venezuela said that it would not join an emergency OPEC meeting that would discuss cutting back oil production. This halted the rally in the oil service stocks. Then EVI Inc. (EVI) announced that it was buying Weatherford Enterra (WII) through a stock swap. However, it was for a lower price then people were expecting (on a cash flow basis) which sent this sector further down. Regardless, this move should encourage further consolidation in this industry. Moreover, someone else might make a hostile bid for WII given this low bid by EVI.<<GD From Lab puppy.