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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Ronald J. Clark who wrote (39648)2/28/2005 9:40:14 PM
From: chowder  Read Replies (1) of 206209
 
What I find strange about the price movement in TGA was that it went up about 7-8 days in a row while systematic selling was occurring. Then came the large gap up in price as though it was in anticipation of something.

That is one ugly high volume candle appearing today. It looks like a lot of short covering to me. I'm seeing systematic buying the whole time the price was dropping, which I think represents the shorts buying to cover their positions. Since the stock finished weak in the last hour, I think it confirms my analysis. We weren't seeing buying during the last hour, mostly selling.

Money flows went for plus 10 to minus 7 in one day. Wow.

stockcharts.com[h,a]dhclyiay[d20041128,20050228][pb50!b20!f][vc60][iut!Lah10,30,5!Lc20]&pref=G

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