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

To: Ronald J. Clark who wrote (45893)	6/4/1999 9:35:00 AM
From: The Ox	Read Replies (1) \| Respond to of 95453

I don't discount the possibility that oil will find it's way back below 14. If one is invested in this sector, it's important to understand the "trend" as well as the big picture. We are seeing very strong NG futures lately while Oil has been backing off. I'm not sure I fully agree with Big Dog's green light indicator, as my green light goes on when Oil futures are over $18(WTI). This is also the "weak" season for energy prices, as a general rule. We are getting a lot of conflicting information about the future of the industry and many people are drawing lines in the sand that I believe shouldn't be drawn. Being flexible is very important when investing/trading this sector. The psychology seems to change dramatically from week to week. I'm back in the cautiously optimistic camp and I don't expect oil prices to find there way back under $14. Good luck gang,