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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Bob Markley who wrote (22090)10/10/1997 3:06:00 PM
From: CynicalTruth   of 35569
 
"The TA 'whys' determine the strategy. One must look to buy the 'panic spike bottom' of the extreme of the swing."

And how, Bob, do you determine that? Sounds like a fancy way of saying "bottom fishing" to me.

"Up until Monday, it was still in an Uptrend since August low & fixing to break through 8 something. Now I belive that the float is tighter and it will blast through this level with the BD/Bateman report. "

Bob, when you make a statement like this you really should tell some of us "in the TA know" what kind of trend period you are looking at. And also how you determine it will "blast through the $8 level". The long term trend using a EMA(89) has been down since the end of May . It tried to turn up the end of August but failed and is now in the process of going down further. The price tried to make a new "local" high on Sept 2, 1997 and again failed...it has been in a down trend since. The next line of support is the $4 area. If that doesn't hold , Look out below. The highs have been getting lower, and the lows lower. Not what I would call an uptrend.....

As for the report, didn't we get the hype at the beginning of the week that we would see it at the end of the week? Or is everybody's memory short? But not "Evil". <VBG>.

IMO, the "positive hype" is just as bad as the "negative hype". It strains the credibility of all involved.

Regards,

J”hn....This stocks gonna be $20 next week!!!! (I always wanted to do that <GGG>.)
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