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Gold/Mining/Energy : Geodex Resources - GXM.V (was Agate Bay ABE) -- Ignore unavailable to you. Want to Upgrade?

To: Baywall who wrote (199)	6/19/2000 11:09:00 AM
From: Baywall	Read Replies (1) \| Respond to of 210

The moneyflow histogram is from AIQ Software in the US. Often goes by other names and hybrids do exist. I am using a modified version, using a 19 day moving average. As for the thesis, it is not that easy. Anyone can pluck down a system or two. What is required is a system which works within statistical parameters. Then must explain the market dynamics which makes the system work and environmental factors which contribute to the signals. A drop in metal prices which appears LT in nature, also competition, interest rates, trade rulings, etc. Each industry operates within its own environment with some overlap in areas like interest rates. A connection with management and how the knowledge of a major turn can help them better prepare the company. Maybe settle a pending financing if a downturn is foreseen, and so forth. There is often a good lead time before the rest of the world realizes something is changing for the LT. I believe that stock prices reflect the consensus of all the info in the marketplace, both insider and other info. All fears, expectations are reflected in stock prices by buyers and sellers. For example, expectation of future interest rate changes are often reflected in current stock prices. Thus management may effect changes in the workplace to accommodate interest rates changes. Must be confident that the signals in stock prices will likely be accurate-thus the necessity of a workable system. Many systems out there, I seen a lot. Some work in connection with others-proving a synergy effect. Others work only on buy or sell side. Surprisingly, many common systems are unreliable if used in isolation. Can get into securities theory where systems must be custom built for each security based on its past price/volume behavior, but too complicated. Many text systems are a good guide but lack the consistency to be considered reliable. Thus must invent others, based upon principles of older systems. The theory behind all the principles are valid, it's just creating system(s) to accurately accommodate such, which is difficult. If all goes well, its back to school. Learning new things is ongoing throughout everyone's life. To understand how things work is interesting, never dull.