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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (3853)	3/11/1999 12:20:00 PM
From: James Strauss	Respond to of 13094

Thanks Sergio... You are one of the best Fundamental researchers on SI... So I'm sure your negative take on the oil sector is fundamentally well founded... I'm just following the technicals that usually lead the fundamentals... iqc.com The technicals say the oil sector is turning around... Perhaps the improvement in the Japanese and Emerging Markets is hinting at economic recovery there that will lead to greater oil use... Also, the OPEC meeting is hinting at a reduction of over 1 million barrels of oil per day cut in production... RDC and other oil service stocks have strong Relative Strength lines that are above their 10 day MA... For me, the oil sector is the place to be for now... For those not familiar with the Three Amigos thread, I suggest you drop by for some good investing ideas... Subject 18922 Jim