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Gold/Mining/Energy : Cartaway resources

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To: Ed Pakstas who wrote (1539)4/9/1998 5:20:00 PM
From: Zardoz  Read Replies (1) of 2505
 
I've had problems applying stochastics to junior stocks, since the price volatility effects the stochastics to much, but agree Bollinger bands help to show a great trend line. In the case of MGJ a back track can be ingnored as it only fell back into the bands. I still like regression trends for juniors... They work great for Gold producers to {ABX}, a gold time to buy delta neutral options.

I should, but forgot, to mention that DOW theory requires the Dow Industrial to lead upwards, with the DOW Utility and the Dow transport confirm the uptrend. And sometimes the reverse occurs where the DOW Transport/utility leads the Dow Industries up. And without transports/Utilities you can't apply Dow theory.

Have a great weekend everyone!
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