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

To: Douglas V. Fant who wrote (18556)	4/9/1998 2:17:00 PM
From: chuck weir	Read Replies (1) \| Respond to of 95453

Doug, I would not either; the on-balance volume for the driller composite (and chaikin money flow index and oscillator), however, does not suggest any unusual accumulation or distribution. IMO, drillers look like dead money until they get out of their trading range that started the first of the year; when I look at a sampling of projected eps for various drillers today and compare them to forecasts made 6 - 9 months ago, they have not changed much. Low p/e's suggest the believability index is low/risk is higher when compared to alternative investments.