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Gold/Mining/Energy : Twin Mining (formerly Twin-Gold) -- Ignore unavailable to you. Want to Upgrade?

To: VAUGHN who wrote (106)	1/25/2002 8:39:55 PM
From: Letmebe Frank	Read Replies (2) \| Respond to of 613

Vaughn, I'm no expert, but there's nothing Google can't find! stockcharts.com As an assignment, perhaps you could give us your read on the TWG, SUF, etc. technical's! Maybe just from a MACD and OBV point of view. I'm waiting till I'm at work next week to print this out. No time today to read at the screen. Have a good weekend all.

To: VAUGHN who wrote (106)	1/26/2002 1:26:26 AM
From: bill	Read Replies (1) \| Respond to of 613

LF and I were both right. He called it right on the money for the first resistance line of 60. Smart cookie. I called it within a penny at 56--if the stock now starts to consolidate and move up. The action followed the chart amazingly. Resistance lines have the habit of become support lines once a stock has moved above that point. The percentage is good enough to gamble on. Last May and at the end of June and beginning of July you will see that TWG tried to break through sixty and failed a number of times. In May it did spike through briefly but did not hold. Sixty could be looked at as a resistance line. Buyers did not consider it worth more than that. However, there weren't enough movements to the sixty to form a solid resistance. That was formed closer to 56 cents. If the stock price had recently breached 56, I'd have assumed that something had happened that was negative and the stock was toast. The next resistance line would be in the thirties. That means the next support line is also there. After that you are looking at a fifteen cent stock. Breach 56 and stay below and it is time to get out, take your losses and move on or wait to buy in at the next resistance level. We use resistance and support in our decision making in our life every day. I go into the grocery store and think I'll buy asperagus. It's 2.99 a pound. I buy some. I go back a week later and it's 4.99 and I pass it up to buy broccoli at 1.99. I've unconsciously created a resistance line for asperagus. Maybe it's 3.99. Above that it'snot worth buying so the 4.99 is outrageously expensive. However, if the price goes up and stays up. a new idea will form about what asperagus costs, I may adjust to paying 4.99. Also, the store owner doesn't need to drop the price below 3.99 (our former top price) to get us to buy. 3.99 is now a bargain. When we say something is a good buy or too expensive, we are unconsciously using support and resistance lines. When you read about "sticker shock" on new cars, what lies behind it are psychological support and resistance lines. I should add that the chart program I'm using (Stockwatch) is not particularly sophisticated. The graphing leaves me with having to make estimates. My hand graphing was more accurate but brutally time consuming. SW charts are good enough for the decisions I'm making. There are charting programs that are much more sophisticated.

To: VAUGHN who wrote (106)	1/26/2002 1:41:42 AM
From: bill	Respond to of 613

I don't want to give anyone the idea that I'm a true believer in TA. I, too, am a skeptic. However, having tried the I'll buy on instinct, sell on instinct method, and not found it to work too well, I started to use TA. It works best with blue chips with lots of stock out, with a product that is being sold, etc. because just like an oil tanker, a big company gets moving in one direction it's likely to keep moving in that direction for some time. When it shifts direction, it is noticeable. Penny spec stocks do have trends but they can be disrupted by even the smallest events. Their price is often dependent on nothingmore than the next drill results. Or an announcement that there is going to be drilling. Or that there's been a PP and now there'smoney for drilling. That's why TA will work for a time and then go all to hell with a rumour or news. As an example of how TA has worked for me is the following: I got a recommendation to buy Transalta. I've been picking up dividend stocks and this one is paying a decent dividend. The pitch sounded good. However, I said, I think I'll check the chart. Take a look at it. Transalta is in a wicked downtrend. Right now the stock price is below the 20, 40 and 200 day moving average. All other indicators are negative. At some point I'll end up buying it because I think over the next few years it will do well but I won't buy until the TA indicators show that the trend has reversed. I'll look for reversal indicators such as a double or triple bottom. I won't get or even try for a buy at the abosolute bottom That's a sucker's game. But I'll try to get my buy after the trend has reversed. I also will study the companies fundamentals. Those will tell me why it is in such a downtrend and will give a sense of whether the reversal is justified.