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


To: marc chatman who wrote (14902)3/16/1998 3:46:00 PM
From: Thean  Read Replies (3) | Respond to of 95453
 
Ron or anyone who has done crude oil future TA. Please post on where the supports are. This one we have to go back a number of years. The internet access is a crawl right now and looking up this would be painful.

Crude down $0.68. Papaya - I like this as the leasesale may just coincide with the technical bounce in crude (still don't know where the supports are) and short term stochastics. However, some issues are breaking supports. I have CDG and FLC breaking new low ground.

Marc - for trading, I would pick FLC. Being corrected the most, its bounce will be bigger than others when that happens. A good benchmark is NE. FLC used to trade 1-2 points premium to NE. If FLC beats NE at anytime intraday, it may be good to switch into NE. This is called horse hopping. Remember I used to race horse against LT and he didn't know I can sometimes hop over to his horse and ride it together as a twosome. FGII is another one to trade. It held up well after the huge correction last Friday but it may not bounce as much as others. Another one is MDCO. It goes up and down like a yo-yo. This is always a good trading stock. CDG used to be like that last year but not anymore. I'll post some support/resistence info tonight. Right now the access is a crawl.