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: Teddy who wrote (14671)	3/12/1998 8:05:00 PM
From: Broken_Clock	Respond to of 95453

teddy- What's the question? looking at the OSX chart...it appears that we managed to consolidate at the 102-3 support level(good news!).It APPEARS that the gap up 2 weeks ago may not be filled. The top of the gap was @99.5 and we bounced hard off 100 today(see chart...http://www.iqc.com/chart/default.asp?period=120&time=60m&chart=candle&chart1=bb&volume=y&rsi=y&stochastics=y&momentum=y&symbol=%24OSX). A higher low tomorrow would be quite excellent...technically.Here's the daily chart. The "hammer" at support(especially a gap support) is three technical pluses. The fact that oil is much lower than Jan. lows when the OSX hit 88+ is another positive IMO. SLB is also exhibiting signs of blow off volume....about 6 mil. shares/day for three days. OSX also at the bottom of the BBs. The weekly chart of SLB looks very strong at this point(double bottom with Jan. low and very strong support at 70)...IF SLB closes higher tomorrow....if it breaks thru 70 then 68....I would expect that would trigger lots of fund selling in the sector. Next support for SLB is 64ish but I don't expect to see it. PK