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

To: John Paquet who wrote (1536)	4/9/1998 1:32:00 PM
From: Ed Pakstas	Read Replies (1) \| Respond to of 2505

Where on the net, if available, can one read up on this theory???...TIA...ed

To: John Paquet who wrote (1536)	4/9/1998 2:56:00 PM
From: Zardoz	Read Replies (1) \| Respond to of 2505

The first tenet of the DOW Theory is:.... Dow theory assume that the stock is: 1) Liquid. Any time a person want to sell the stock it should not effect the price by any sizeable amounts. 2) Positive growth. The company must have growth for Dow Theory to apply {not speculation growth} 3) Differentiation. There must be compareable stocks for the equity so the market can compare.... There is no such thing for a speculation stock. 4) Information Flow. Insiders standing next to the drill hole have a considerable power over the average insvestor. And market capitalization puts the power in the hands of the insider, where flagrant comments can work best for the insiders. {Visual results comes to mind} What does work for speculation companies is TA, such as accumaltion, MACD, and a few more which I can't remeber right now. Take a look at DML which has a perfect regression channel, or MGJ which has a growing MACD. These are part of what to look. "IF" {recall this is the biggest word in the dictionary} CWA can carry on for the next few days, than maybe a trend has developed. But it's way to early to be applying theories. PS: I wish you guys luck. Addition: Elliot wave analysis can be done on any stock, any time, and is as worthless as having an expired option.