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Gold/Mining/Energy : Alta Gold

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To: Arne Tornqvist who wrote (655)	8/29/1998 10:39:00 AM
From: Francois H. Gaston	Read Replies (2) of 749

We are close to this year low for ALTA. We will see whether that level is holding. Increasing volume could suggest that we are close to a bottom for ALTA... will we have another double bottom formation? or reverse from here. I have a good size order (for me) at 1 7/32... And hope to get it... If I get some more shares at that level... I will rejoice!. Good luck to all. Gaston NOTE: I am looking at gold very carefully these days. So much negativism about gold that it looks as if we might have a contrarian reaction soon... then again... who knows... From TA point of view, we have had significant distribution, including Friday... BUT if you look at the Relative Strength Index, this indicator has placed a low in July, and has been higher since then... Similar picture earlier this year, before ALTA 100% rise this year: RSI had turned up in December 1997, a month and a half before January's low, while Accumulation distribution hit its low AFTER ALTA's low in January!... Will this repeat itself? ....I will therefore stick with RSI and soon pounce back in ALTA big time as soon as we have some solidifying of this low, or a sudden rise in POG.

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