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Gold/Mining/Energy : Consolidated Silver Tusk Mines Ltd. -- Ignore unavailable to you. Want to Upgrade?


To: Brian MacDonald who wrote (2133)2/29/2000 10:15:00 AM
From: Ronald Russell  Read Replies (1) | Respond to of 2229
 
Brian,
I sometimes get carried away with my descriptions of my charts. I run a lot of indicators in various combinations. It would be easier to explain if I could figure out how to copy some of my charts and send some to you. I like a 10,40,2.5 MACD,and I superimpose various oscillators and trend indicators over MACD and other oscillators. I use moving averages of different types and lengths, but I really like variable length indicators that change lengths automatically with volatility rather than fixed length indicators. These are also sometimes referred to as adaptive moving average indicators. Rather than a fixed number of days for the moving average they utilize an oscillator-generated number in their calculation such as Stochastics or RSI. I will superimpose these moving averages over a MACD or other indicator. Recently I noticed that with PACIFIC RIM MINING that one of these moving averages had broken up through MACD at it's bottom leading it up. The price then moved up dramatically from about $1.50 to $5.65. Last week the same thing happened with Corriente. I commented on that thread on Feb. 24, 2000 that I was showing a launch mode (my indicator was pointing straight up) with no news and almost on cue the price shot up. Maybe this was just a lucky coincidence, but who knows. Some other stocks in the mining sector whose patterns I like are Gallery Resources and Yamana. This is based strictly on my technical analysis. This is not meant to be a recommendation on these but merely a reply to your question. I apologize for the length of this post. If you would like to know more about some of the indicators I use, maybe you could email me so that I won't bore everyone else who could care less about this mumbo jumbo.---Ron