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

To: Mr. BSL who wrote (8947)	10/22/1998 5:37:00 PM
From: james ball	Read Replies (1) \| Respond to of 34809

Duke be careful waiting for the good news to finally come out. The market looks ahead. In low levels in the Bullish PErcnets when you have the ball, good news is good and bad news is good. Tom

To: Mr. BSL who wrote (8947)	10/22/1998 5:43:00 PM
From: Judy	Read Replies (2) \| Respond to of 34809

duke, thanks. Was this posted on the thread and I missed it? The market is forward looking. Oil services and drilling sectors are consolidating solidly, only excess oil inventory is at issue since it rose last month for the first time in a long time. But oil supplies are not infinite and exploration takes time. I assessed Preston's overview and decided the sector was still to be traded on the long side in this market ... SLB missed 3Q estimates and was downgraded and continues to edge to top of trading range while the general market sells off.