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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime
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To: keith massey who wrote (13748)5/20/1999 12:30:00 AM
From: SwampDogg  Read Replies (2) of 62348
 
Keith, I was going to PM you with this but I thought that it might be of some interest to the thread.
With the short discussion of AU stocks that we has yesterday it got me to thinking about something. When using T/A on commodity stocks do you take into consideration the T/A of the underlying commodity? For example...with AU at a 20 year low and not much support down to $235 US if it breaks down, this extreme weakness is not fully discounted in stocks like PDG, K etc. which are not at 52 week lows. If this is the case then T/A on a stock like PDG might be misleading.
I would think that a way to avoid this is to judge the underlying commodity and then look for relative strength in that industry.
I would find any comments from anybody very interesting.
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