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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Ronald J. Clark who wrote (7413)	9/17/1998 11:20:00 AM
From: Mr. BSL	Read Replies (2) \| Respond to of 34811

Ron - Oil Service - A trend is a trend and the sector is moving up fast from very oversold territory. I like this sector a lot. However, if things change I won't hesitate to bail. You might check out SLB on a pull back or the twentieth century natural resource fund (BGRIX). duke60

To: Ronald J. Clark who wrote (7413)	9/17/1998 11:29:00 AM
From: Mr. BSL	Read Replies (2) \| Respond to of 34811

Also, I don't have a long term chart but I believe that the oil service sector is one of those coast to coast sectors that tend to move fast and move to extremes (20% to 80% range) on the bullish percentage chart. You can probably reasonably expect this trend to stay positive for a while. If you have access to past issues of Investor's Business Daily, you can look up the various oil service subsectors and see that when they start moving up from the bottom (180 to 198 out of 198), they usually move up into the top ten subsectors and stay there for a while. duke60