Geodex Resources - GXM.V (was Agate Bay ABE) Message Board

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Gold/Mining/Energy : Geodex Resources - GXM.V (was Agate Bay ABE)

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To: Baywall who wrote (200)	6/21/2000 11:11:00 AM
From: Baywall	Read Replies (1) of 210

My mistake. The histogram previously referred to is for the volume accumulation percent indicator. The money flow indicator on the other hand is a cumulative total plot. The software is AIQ Market Expert of which inventor David Vomund feels that the money flow indicator is the most effective of the many systems he tested. But should be used with other indicators. As for GXM, stock being under recent 2 1/2 month pressure did show a declining money flow (as all stocks will) but has recovered to the neutral level, with higher prices as a bonus. There was no reason (using custom system set) for selling in the March run up, as no signal to sell existed. If anyone did see one (other than simply drawing horizontal lines all over the bar chart) please advise. It is because of this interpretation that I feel better days are ahead for this company. Past posts by myself showed that technical analysis did fare quite poorly. Only on hindsight and matching a system to old data, did the missed buy/sell signal appear. A lot of work left.

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