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

To: BigBull who wrote (41198)	3/29/1999 10:31:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

Hey Gary, take a bow, dude! You called the exact bottom in oil, $10.375 basis December, if I remember right. I've never seen that done in real time before! I'm calling you "Spooky" Burton from now on! <vbg> OK, Mister EWave Genius, <GBG> what's next?!

To: BigBull who wrote (41198)	3/30/1999 12:39:00 AM
From: Ahmed Elneweihi	Read Replies (1) \| Respond to of 95453

Hello BigBull, Well, the technical picture is now as bullish as it could ever be for the oil and OSX stocks. The stocks one by one are going through their 200 day MA, the volume is great and confirming the bullish case, stocks are overbought, but remain overbought for some time and even continue to gap upward without correcting, the MACD divergence of the previous 2-3 declines were glaring, the OSX and OIX are becoming market leaders and performing stronger than the markets, ..etc. what more can we ask for?. Even some fundamentalists, and analysts are now starting to take notice. This has been a very exciting time. We can call it "the birth of the bullish phase at last". But, we are finishing the easy part. The difficult part will be to know when we can take profits and when to get back in again. Because I believe that this is not the end of the story. I feel that corrections will come, but that we are in the early stages of a multi-month or multi-year bull market in the oils. I hope, given the collective wisdom and skills of the members of this thread, we will be able to help each other in the coming phases. By the way, I read before that when the oil turns bullish, the oil stocks are the first to respond, followed by the drillers (the argument is that the oil companies will make money first and then hire the drillers), but I see the OSX and its stocks are acting stronger than the OIX and many oil stocks. Is this because in the bearish phase, the OSX's move down went a lot farther than the OIX move? Also, Slider made the comment that SLB and HAL are not cheap anymore. Again, there may be corrections in these two, but I have their chart targets higher than what they are now. I have a target of $47 for HAL and $67 for SLB. I would like to know if someone else has measured the same chart targets on SLB and HAL as I indicated.