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

To: BigBull who wrote (45642)	5/28/1999 2:54:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Bull; good call on IO, also on Marc's ''breakout'' comments ie: BB's - ... I agree on the breakout. We've waffled here for a bit.There is no big block selling, Oil has retraced, found support - everything behaved as it should have... we've backed & filled, found support levels etc. We need good API #'s next week - late with the holiday - so some great news about this Memorial Day being a record travel day (gasoline usuage etc. ) will be a plus ... If we see good API #'s - then we are only a week, or so from OPEC releasing May's compliance numbers... We are potentially set up for a series of good news events - here's my ''Breakout'' scenario. 1. Overall market is soft, other commodities showing weakness - Oilpatch looks better than ever for a safe rotation play. 2. Record travel/gas usuage news commentary on the Memorial Day weekend 3. Good API #'s and another good drawdown in crude inventories and finally some positive gasoline inventory drawdown news (?). 4. A few more Rigs hopefully get put to work with the trend continuing here. 5. OPEC nails the compliance numbers and crude rallies and the OSX takes off for a breakout above 85ish.... ....just my 2 cents. - if we get 4 outta 5; we're in business imho.