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

To: VAUGHN who wrote (117)	1/26/2002 3:51:17 PM
From: bill	Read Replies (1) \| Respond to of 613

Vaughn, I won't try to convince you of TA as the great predictor because, of course, you are right. However, part of your rightness is that you are asking too much of TA. It's a bit like asking a B-52 bomber to act like a fighter plane. Not built for it. And, your instincts are quite right, spec stocks need fighter planes. The movements are often abrupt, unpredictable. However, (always watch for the however)when you said to me in an earlier post something like "couldn't stand watching the price inch up", you were saying the exact same thing as my saying, "I noticed an uptrend on the chart". The chart is just made up of observed price movements (open, close, high, low) and the MACD, OBV, etc. are just attempts to figure out what they mean--if they mean anything. If we apply the rule of perfection (the feminist-marxist mantra) then, of course, then you can claim that nothing works. Remember that a top batter in pro ball is hot stuff if he bats what? .500 .350? A team that wins in the NHL wins how many games? 100% Nope. One of the mantras of the market is that the market is an expression of perfect knowledge (the market is always right). No, it is not. Because knowledge is not universal. Nor does everyone have the ability to understand information even if they have it. Your statement about buying TWG early is a statement that you agree that the market is not always right. Probably everyone on this board agrees. Otherwise we wouldn't be buying in now. However, buying spec stocks is like warfare--you have to make life and death decisions with fragmentary information that may or may not be accurate. With us, at least, these are just life and death dollar decisions. And, yes, the price action on TWG over a period of four days was reasonably predictable. Case after case shows that with the dissemination of good news there is usually a three day effect,with the third or fourth day being a spike up. The spike is usually brief, it doesn't hold, then the price falls back. If I hadn't had to deal with yet another crises and go off to the job--or if I'd done the sensible thing and put in a sell at 78 or 79, just under the 80 resistance point, I'd have made about 2700 bucks. I didn't. That's human error, distraction, reality of having a job, etc. And momentary bad judgement. My congratulations to those who paid closer attention. Next time I'm up to bat, I'll keep a closer eye on the pitcher's windup and try for that .500