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Gold/Mining/Energy : PattersonUTI Energy Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Gary Clarke who wrote (246)	5/23/1999 3:13:00 PM
From: tigerstock	Read Replies (1) \| Respond to of 295

Gary: Could have another surge in price.I use Technical analysis for my trades.On balance volume and the stocks relative strength on the last surge was unusually high.We could see a move up to the last high and if it goes thru that to about 13.65.My elliot wave program preffers the routine to the 9.63 level but the surge to 13.65 is only off by a few percentage points.96.5% for the first and 92.75 for the second.If you look at other oil stocks like Nabors Industries(NBR)it has the same exact price graph.Interesting in the fact they are two different oil stocks showing same chart movement.Maybe it shows there are buyers of oil stocks are quite large of a group.