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


To: ahhaha who wrote (836)11/21/1998 7:18:00 PM
From: Zardoz  Read Replies (1) | Respond to of 3558
 
I don't base my analysis of ABX based only on the TA of a signal chart of groups of charts. My analysis is on the futures of gold, and the trends of Gold. ABX trades within realms around the POG. And I use FRED data and others to determine whether the trend is correlated with the economy; past present, and future. And as you stipulated you agree with a possible correction of the Dow sometime early next year. That comes from the same data. Yet you suggest Gold will climb?

Put you rep on the line:
"The T-Bond yield is starting to sag, so it wouldn't be surprising to see it and ABX go down for a test of the 9/1/98 bottom."
Give a time?

PS: please feel free to send any formulas you like to me as far as technical analysis goes.



To: ahhaha who wrote (836)11/24/1998 11:10:00 AM
From: Jim McMannis  Read Replies (1) | Respond to of 3558
 
AHAHAH,
RE:" I can give you a much better way to do it and
after you examine it conceptually, you'll see that it is superior.
When you run your other stocks through it, you'll find less
whipsaw city, but it is still the old TA stuff which I abandoned in
1975. "...

------

Tell me, what kind of TA did you do in 1975? Graph paper and a no. 2 pencil?
So TA has no predictive value? So what does? Please tell us so we can go out and get next weeks lotto numbers in advance. The heck with the stock market. <G>
Jim