Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: TrueScouse who wrote (21187)	9/25/2003 11:48:47 AM
From: Little Joe	Read Replies (2) of 39344

Howie: If you look at the stochastics and momentum indcators and divergences on any stock that is really flying you will find that these kind of indicators work best in sideways markets. You will get killed using them in strong downtrends or uptrends. Having said that a long term chart of Jaguar Nickel shows that there have been very fast run ups in this stock to be followed by quick drops. Also, we are in the middle of a significant resistance area. My strategy is to watch this price level closely to see how the stock deals with the old resistance area. If it clears it easily we are good to go to next resistance. If it has trouble I may lighten up. If its starts to back off significantly, I may lighten up a lot. What I will not do is use the stochasitic or momentum indicators in strong bull. I do not believe they are helpful. Little joe

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