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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 (30771)	10/15/1998 10:15:00 PM
From: Francois H. Gaston	Read Replies (1) \| Respond to of 95453

Regarding POO possibly limiting upside potential for oil stocks... Looking at HAL (and a multitude of other oil stocks right now, but I am just providing HAL's chart here) members.aol.com one can see accumulation (OBV), an uptrending RSI and formation or double bottom (not completely in yet)... Sometimes, one has to enter a trade on such technical analysis moves rather than on price rise of underlying "product"... especially when that "product" is so low price at this time. This approach has been very useful to me as I applied it to goldstocks last January and 6 weeks ago. In that example, POG moved up about 11% over 6 weeks (6 weeks ago) while ALTA Gold doubled... members.aol.com We will see shortly what oils stocks have in reserve... I am betting: more than we think... Good luck to all. All the above IMHO... FHG