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

To: accountclosed who wrote (881)	12/19/1998 9:45:00 PM
From: ahhaha	Read Replies (2) \| Respond to of 3558

Every trade analysis sometimes referred to as tick volume. I take the raw data and analyze it in real time on computer. It's complicated. To make a long story short, I try to measure the extent to which net positive tick volume is associated with sensitivity to price. It is a way of establishing regimes of elasticity and the persistence of such regimes. It is one step up from knowing what's in the specialist's book. I want to know if a little buying raises price disproportionately relative to a quiescent state and similarly whether a little selling has proportionate or disproportionate effects. The specialist develops an intuitive sense for elastic/inelastic states. I measure them. This is the best that can be done in TA, however it doesn't predict price. Nothing does because the market process is stochastic, and a corollary to the Ahhaha Uncertainty Principle asserts that the extent of the effect of changed state due to new information can never be assessed by past time series data. This is similar to the Weak Random Walk Hypothesis. You can only evaluate whether a stock is on-balance desired or if it has become on-balance undesired. Thus, you never can assess how stupid people can get, that's unbounded; how smart they can be is finite, limited, and easy to know. Fear is more powerful than greed up to pricelessness.

To: accountclosed who wrote (881)	12/23/1998 10:19:00 AM
From: long-gone	Read Replies (1) \| Respond to of 3558

Wednesday December 23, 1998 (08:43 am ET) S&P Still Positive on Gold Stocks By Leo Larkin, S&P Analyst NEW YORK, Dec. 23 (Standard & Poor's) - S&P maintains its positive outlook on gold stocks despite weakness in both the group and the metal itself. Gold stocks have fallen as gold dipped below $290 an ounce, while a drop in commodities/base metals is also hurting the shares and psychology. But metal itself is acting better than the stocks, with gold about unchanged on the year, and it is also behaving better than base metals. Positive factors for 1999 include less central bank selling, more volatile financial market returns, and a renewed role for gold as a financial hedge. We reiterate (accumulate) opinions on Battle Mountain Gold (BMG), Homestake Mining (HM), Barrick Gold (ABX), Newmont Mining (NEM), and Placer Dome Inc (PDG). 23-Dec-1998 08:43:12 (01657152) Copyright 1998 Standard & Poor's Investment Advisory personalwealth.com.