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

To: seadust who wrote (20853)	4/30/1998 8:31:00 AM
From: marc chatman	Read Replies (2) \| Respond to of 95453

June Brent down another nickel this morning. The futures have been all over the place, currently down a bit. Asian and European markets mixed, with a bias to the upside. 30 yr. bond down slightly, with economic numbers due out shortly. The charts IMO say we are going higher, in general, but it will be interesting to see how we do if the market goes lower. There should be a lot of support beneath many of the service companies and drillers, given the time it took to break resistance and the generally high volume for the move. I will be watching closely for possible retest of the support lines as points to add to my positions. EDIT: The market's initial reaction to the numbers is positive, and the futures have moved up sharply. The bond is moving south, though. SECOND EDIT: S&P Futures up 11, Nasdaq futures up 15, bond has surged upward. The market will gap up huge IF this continues. Will we move up after that, or sell-off. Gotta believe that if the market gaps up, this sector will as well. EVEN PISANI SAYS OUR STOCKS ARE BREAKING OUT. roflmao