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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 (36495)	2/2/1999 8:39:00 AM
From: marc chatman	Read Replies (1) \| Respond to of 95453

SII reports .26, in line with est. per CNBS. biz.yahoo.com

To: marc chatman who wrote (36495)	2/2/1999 4:26:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Put a fork in this one; it is done - Game #4 has now started....''NIKE time'' Why ? ...you may ask. #1. Bounce-back ability in bonafide sector leaders. ie: Marc C's post; MER sold off APA & BR - two top E&P's - APA is now up $1 1/2 from its bottom - up $1 today & BR is up strongly today + $2 5/8ths - one is its best 1 day gains ever ! SLB the OSX leader up very nicely about $2 as well. #2. RIG & RON - ditto with this driller/service duo - RIG + $1+ and RON nearly up a buck... #3. the tape endorses the Streets past technical trading along the bottom of the Bollinger Bands... numerous issues triggered buys at the exact damn tic - on the money to a 1/16th.... I've watched every news item, tape action, fundamental valuations and also the technicals such as disparity between individual issues and the index, stochastics, one day % drops and Bollinger Bands - the Street imho; has used the Bollinger Band ranges as Buy & Sell triggers with surgical precision - I have followed this for the last few ''cycles'' in the patch - Bollinger Bands are ''THE'' ticket of late... Untill I'm proven wrong - virtual candy from a baby here.... Hope many bucked human emotion and bought headlong directly into this selloff - it goes against every natural emotion known to man; let alone - the traditional investing precepts... but it is working here. Numerous issues looking strong here GLBL didn't fall, VRC also no where near its prior lows, WFT strong, SDC aint coming back, PGO & VTS firmed - CXIPY holding - note: PGO VTS & CXIPY are supreme values here - you are buying the best technology in the Oilpatch here folks....BUY these 3 stocks NOW !!! I see numerous reasons why we will see another 20-30-40%+ trading range here and few reasons that we will not... OPEC meeting is a huge catalyst - no expectations built into these stock prices here - any positive OPEC news is all to the upside ... this is a virtual ''re-run'' imho. Once again; I get to place my bet after having all ready watched this game ''thrice'' before ... Take what the Street gives you; and right now they are giving us a trading range, now being presented to us on a virtual Silver Platter for the 4th time of OSX 45-60+ ; buying dips and selling ''tops'' is what is working here people; untill something changes - it's ''NIKE Time" - as in - just do it...!