Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (32233)	11/29/1998 11:37:00 AM
From: Les H	Respond to of 95453

Most of the oil stocks are trading toward the lower end of their recent trading ranges (using a 28-day 95% moving average band) after having broken the downtrends in September/October. That trading channel is about 30-50% in price movement depending on the stock. As in last January-March when there were 3 or 4 troughs in these stocks, there's now 3 troughs. The stocks are probably only good for 2 to 6 week long trades starting by mid-December provided they hold above the floor. A confirmation would be the 8-17-9 MACD or 12-25-9 MACD (depending on one's preferance) providing a buy signal or similarly use the 10-day EMA crossover which has worked well in these short-term trades.