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


To: Gary Burton who wrote (37798)2/18/1999 6:16:00 PM
From: marc chatman  Read Replies (2) | Respond to of 95453
 
Welcome back Gary. Looks like your timing was pretty good.

CXIPY had an eventful little day today. It smells like the MM took out all the stop losses running the price down to a new low and then back up; the result was a nice bullish hammer of a candlestick. A nice reversal pattern if there is some follow through confirmation. PGO also completed a candlestick reversal pattern -- a nearly textbook morning star.

Could it be things are looking up?



To: Gary Burton who wrote (37798)2/18/1999 6:32:00 PM
From: Bilberry  Read Replies (1) | Respond to of 95453
 
Interesting things are converging on our beloved oil market. First someone posted that below normal temperatures hitting the U.S. in the next 10 days. Then the OPEC meeting in about a month. Seems like these could be what is needed to spark a rally in the oil sector. Probably going to be a lot of speculation and statements from OPEC members prior to the meeting. Hope it is interesting, because its been pretty depressing for OSX related stocks in 1999.

--Bilberry