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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (18887)	8/31/2003 3:58:22 PM
From: jrhana	Read Replies (2) \| Respond to of 39344

From my very limited knowledge that is a nasty looking candlestick but you would need a few more like it to really have significance

To: Little Joe who wrote (18887)	8/31/2003 5:27:35 PM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 39344

LJ - yup, baad looking candlestick. Can be interpreted as a shooting star (neglecting Thursday's toy, and neglecting that to be shooting, the star must print higher than day-1 high, gapping)), or as a spinning top. In an uptrend spinning tops can be a sign that prices are losing momentum. Checked the HUI, all other occurences were harami's (Open and close within the preceding day's body, and bearish.) IMHO, no help from the Friday's candle. My fave indicators: CCI down these last two days, and above +100 StochRSI, up and above 50. StochRSI/CCI pair: buy signal on Wednesday 27th, and keep till StochRSI reverses down or CCI prints below 100. ADX/DMI (are on the chart financialsense.com DMI buy signal Jul 21 +DI, -DI cross, Louie's nervous nellie signal Aug 15 (when the +DI penetrates the DMI) But -DI down, and +DI and DMI up since 27th = buy again signal. Now, practically, and considering that this were the last trading days of the last week of the holiday's month, I wouldn't rely on any indicator. HUI does not have volumes, but you can expect the volume to have been low if I take NEM as a proxy (with Wed as a gap on relative volume). Add a Monday without US trades, short term TA looks more like driving blindfolded at night in a tunnel. FWIW (removing the blindfold <vbg>) Uncle Harry's index hsletter.com is about to give some buy signals (MACD, spinner) within a strong uptrend channel started mid-Jul (altho I prefer 5 points to draw a channel). Playing with Gannalyst ( gannalyst.com ), downloaded the 30 days free demo. Gann time series on POG are amazing. Still have to play on longer term charts. But for these two last years, any top in POG was followed by a through, 52, 144 and 182 days later. Any through followed by a top .... and 6 months later. Purely on fixed calendar days Gann series, next POG top should occur between Sep 10 and Oct 03 (depending where you put the anchors: every 6 months +or- a couple of days, or from each significant top or bottom). I promise to post my projections for the September POG no later than Oct 3rd. I could even promise to buy the software if I can pinpoint the next trend change. But this another story, it involves cash money.