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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 (26399)	7/24/1998 11:51:00 AM
From: TulipMania	Respond to of 95453

OSX sub 72. Slippery slope!

To: marc chatman who wrote (26399)	7/24/1998 11:52:00 AM
From: Captain James T. Kirk	Read Replies (1) \| Respond to of 95453

OSX at 71.90 and sinking. This is a sector crash folks !!

To: marc chatman who wrote (26399)	7/24/1998 1:03:00 PM
From: iGregor	Read Replies (3) \| Respond to of 95453

Greetings all. While tuning into this thread periodically during the past few months I have repeatedly noticed your expansive knowledge regarding the operations and fundamentals of the oil patch, and the zeal with which you discuss and debate your wide-ranging points of view. Yet, from all the words presented in this forum, it's not coming very clear to me whether or not we might be nearing a bottom here. For sure there is no consensus that we have. So, from the perspective of an individual investor with lots of potential interest in a reversal of the patch, I undertook a cursory TA look into several dozen oil patch securities...which might be of some interest here. I regret to report that from a TA perspective there seems to be very little light at the end of the tunnel...at least in the near term. FWIW I am unable to find any technical indicator which even hints that a bottom might be within reach in the immediate near term. Instead, most conventional technical signs seem to be pointing to a continued decline. Can anyone suggest a technical indicator that points to a reversal? While I don't mean to suggest that things can't turn around quickly...ala that missile thing that some others have mentioned...I'm not too anxious to bet the ranch on it. East