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Gold/Mining/Energy : Armchair Analyst's Club (T/A & Fundamentals)(Pennies)

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To: Ronald P. Margraf Sr. who wrote (13)6/5/1997 9:27:00 AM
From: floj   of 82
 
Hi Ron and Fred:
I also am a TA software user, I like using it to seek out major trend reversals. The indicators that seem to work for me in spotting major reversals are the OBV, the relative strength, the volatility bands and the MA.
One such stock that has reversed trends and continues to trade in a stong rising field trend is Westfort WT-T, an oil and gas play, whose drilling is scheduled to start by the end of June. This one should have alot more room to move upward, has not had a major move and there is no overhead supply to clear. Fundamentally has long term potential of being a winner.
If your interested wouldn't mind hearing someone else's technical comments on this one.

Flo J
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