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Gold/Mining/Energy : Barrick Gold (ABX)

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To: Dwight Taylor who wrote (297)12/30/1997 11:23:00 PM
From: Greg R  Read Replies (1) of 3558
 
Ben - Yes Inpathique works for me and I use it on all* my stock investments. It is best if you can have the chart on the screen in front of you so you can see what is happening and react accordingly.

*all - no good on penny stocks. Too much opportunity for plotting errors.

- Subject to error on exploratory companies where their perceived value can suddenly and unexpectedly change. There is no way the trading comptuers can know if there is gold in the ground or not. As long as there is no change, it is fine. An example that is stable for now is SHF which should become a buy Jan 2. You can see that chart on Inpathique's public projections page home.istar.ca

- I use analysis of the patterns on indexes to aid in timing in and out of mutual funds. It should work directly on the mutual funds, but I haven't tried it.

- stock's such as IBM's that trade across markets and are subject to currency fluctuations can have small potentials for error, but at the same time, IBM was one of the first stock's to ever show the influence of trading computers back in the early 80's

- Finally, mergers between two large companies can create havoc with the patterns. Whose pattern carries on into the future? (Corel was an example when they tried to digest Wordperfect.)

All in all, not many stocks it won't work on quite well, especially for the longer term investor (two weeks and up?).
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