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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?


To: OldAIMGuy who wrote (5608)9/9/1998 10:37:00 AM
From: JZGalt  Respond to of 18928
 
Tom, the rig indicator isn't new, but it is a confirming indicator not a leading indicator. The correct indicator is oil prices followed by the rig indicator both turning up, and it doesn't hurt to have dayrates rise also. I ignored it this summer when it turned down, and as a result...

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Dave