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Gold/Mining/Energy : Alta Gold -- Ignore unavailable to you. Want to Upgrade?

To: Francois H. Gaston who wrote (386)	1/21/1998 11:08:00 PM
From: Francois H. Gaston	Read Replies (2) \| Respond to of 749

From a Technical Analysis, ALTA looks good. Besides a double bottom, we have a great looking Negative Volume Index (suggesting that smart money is goind into the stock). We also had, today, a small break out through the upper band of the Bollinger Bands... This has happened on 3 occasions since the beginning of 1997: (1) February 1997 (2) Feburary 1997 (3) Janurary 1998 In (1) and (2), we had a about 25% run up from the low a couple of weeks before... therefore we could espect a run to 1.75 this time for ALTA (that is not science at all here... just wishfull thinking... Don't trade on these comments!). There is definite resistance at 1.5 but I am optimistic that we will breathe through that this week... may be... India is buying 1/3 of yearly gold production in 1997 (up by 46% from previous year). Ramadan finishing up (gold presents coming)... China is probably buying gold... I am going to buy some gold soon <gggg> At this point, it is quite likely that ALTA will go up more, even if the price of the gold ounce drops because goldstock often have a good run before a significant increase of gold price (IMHO). Good luck all. Gaston