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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: CharlieChina who wrote (61344)	12/28/2002 11:05:25 AM
From: bigbuk	Read Replies (2) \| Respond to of 62347

Dec 24th, 2002 Is it time to load up on gold? The price of an ounce of gold bullion has climbed to the highest level in more than five years, and has recently been closing in on the 350-dollar-US mark. There's been a big jump in gold stocks, and precious metals mutual funds have also been soaring. So, is this a good time to jump in? Well, first realize why gold has been on the rise. The immediate reason is the looming war with Iraq. Before that, of course, it was Osama bin Laden and the events of September the 11th. That suddenly made the strongest country in the world look weak, and raised questions about fundamental safety and the ongoing value of the American dollar. Gold has always been seen as a hedge against paper money and a currency of last resort. In some parts of the world, it is hoarded as pure wealth. There is no doubt that throughout human history, the shiny, pliable metal has been treasured. But that doesn't necessarily make it a wise investment asset. In fact, gold is a purely speculative commodity that, outside of jewelry and a few industrial uses, really isn't good for much. It doesn't pay interest or dividends, which means you only buy it if you think it will soar in value. But at a time when there is little inflation and solid economic growth, why should it? So, leave gold for your finger. Invest in stocks. There's more online at garth.ca. I'm Garth Turner

To: CharlieChina who wrote (61344)	12/30/2002 12:59:18 AM
From: tekie2k	Respond to of 62347

JUST FOR THE BORED! bob, not to sunshine on your dark side to much. but, month ewave on nas says we are in wave 5 (just started 3 months ago) up (on a wave that goes back to 1994, wave is overlapped at 850 and invalidated there). the downward trendline from wave 3 was broken in the early part of this year. dow has ridden the top of that of that downtrend line until 2 months ago. THERE IT STARTED WAVE 5 AGAIN. FIRST TIME SINCE SEPT 01 where the b wave broke the trendline for the first time since 8/00. now, dec? we have ridden a downward gann line all month. so what happens till the end of dec? not sure, but, to go down anymore. we have to break last months support. jan should open above the gann line unless there is significant down at the end of this month. yeah, yeah, so thats the month big picture. hell whats that got to do with the weekly? weekly is in wave 3 up unless it can break 1280 (invalidates wave 3 and is forming the shoulder (flat, with not much vol). but, hmm...wave 1-3 could break down to an abc and invalidate the wave. hell, better check the dailies on this one....now this one is SWEET! we are either in wave 5 up (upwave) or 4 (down of upwave AMD INVALIDATES AT 1280, top of wave 1, so that is the max down without invalidating the hole wave, includes the entire rally from oct 02). omg, TALK ABOUT YOUR CRITICAL POINTS... shoulder on weekly & monthly shoulder (yes, there is a head and shoulder on the monthly and the weekly). hell, i sometimes trade day to day. whats the hourly doing? double bottom with yesterday oversold (like the daily, monthly) and either in more 3 down or 4 up (will be small up at best) then wave 5 down must come (remember dailies say 1280 is the low for invalidating that wave). so wave 5 must break 1346 but not break 1280 or be TRUNCATED. truncated 5 would be very good signal. but, could easily hit fib extension levels of 1330 or 1320 and all would be fine all down the line for hourly, daily, weekly, and monthly to continue its predicted waves. dailys move on the 30s, i like intraday trades although, i might not today. hell, whats the 30 wave? damn, another 3 down or 4 up and then wave 5 downwith fib extension at 1330. and just like the hourly, daily and monthly all oversold. waves on the 1 min to 15 min are all similar to 30 and 60 min. all in wave 3 with similar truncation areas and fib ext areas. SO NEEDLES TO SAY. THINGS DONT LOOK THAT GLOOMY UNTIL 1280 IS TAKEN OUT. ACTUALLY, EWAVE SEEMS TO BE SAYING. SURFS UP. JMO. hmm, nas futures on 1k? sorry, EWAVE SAYS IT AINT HAPPEN IF THE RT NAS HAS ANYTHING TO DO WITH IT. SO.. SURFS UP IN THE NAS MOST LIKELY SCENERIO FOR THIS JAN AND QUITE POSSIBLY THE LAST FEW DAYS OF HOLIDAYS. JMO based on an quite early exposure to SURFIN. DONT FORGET WE HAVE ALREADY RETRACED FROM 5200 TO 1300. thats a nice pullback. ed

To: CharlieChina who wrote (61344)	1/1/2003 2:38:10 PM
From: tekie2k	Read Replies (1) \| Respond to of 62347

JUST FOR THE BORED... best i can do for now. MONTHLY CHART.. stockcharts.com scroll down to 10 year monthly compq chart. start at wave [1] and [2] back in 1994. that is correct according to ad get. when you get to [3] & [4], ad get has that as part of an abc correction. it does not label a [3] wave until 5200. so instead of topping at 5200 as a wave 5, it is topped at wave 3. i believe this fits better with what the market sentiment is. ie, a wave 4 down that is consistent psych wise with the great depression, but, again, this economy is hugely different than the great depression. so if wave 5 on this chart IS REALLY ad gets WAVE 3 (as it has charted it), that puts us down to wave [4] as of 3 months ago (at 1100) and heading up in wave [5] RIGHT NOW. again, imo, this fits better with the REALITY OF THE ECONOMY rather than the perception of the economy. imo, in order for this scenerio to be even partially incorrect NAS MUST BREAK DOWN BELOW 1280. if anyone is interested, ill break down below the monthly. if not, wont waste my time on further breakdowns. HAVE A GREAT NEW YEAR EVERYONE. MAY ALL YOUR SHORTS BREAK DOWN AND ALL YOUR BUYS RALLY. ed