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

To: accountclosed who wrote (889)	12/20/1998 11:34:00 AM
From: Enigma	Respond to of 3558

Antoine " A 100 share market order can have dramatic effect if there is not a party taking up the other side of the trade" Well it could have an effect in the short term in a very thin stock. What 'seems lost on a lot of investors' is that not all offerings or bids are actually shown at any one time. That is why market depth on both sides can be so misleading. You might say to your broker. particularly on a thin stock, "look I'd like to get out of this - let's watch and hit the bids when they come - but don't show any offerings" Similarly, and conversely, on the buy side. Of course with a nice liquid stock like Barrick 100 shares is neither here nor there. TA can show many things . Nothing is certain, but it does seem that with certain stocks certain things seem to have worked eg with a couple of stocks I sold recently the MACD gave, time and time again, signals that the stock was in a downtrend/uptrend. No doubt this will be the time it doesn't work - but I took a profit by doing this, and hopefully limited a loss. Also, if you have certain TA indications that look like they have worked, it does give you some discipline over emotion, I think you can become increasingly sophisticated over all of this, and am not sure at what point you reach the law of diminishing returns and/or develop a recipe for inaction? E

To: accountclosed who wrote (889)	12/20/1998 10:31:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 3558

By strong I mean intense, not wide. There isn't high activity. The intensity doesn't persist. There is sufficient nearby supply to maintain price equilibrium when the intense demand hits. When the mood changes, the suppliers won't book as much above and will pull orders to sell above out. In contrast, the book is extremely thin below. Who wants to buy gold stocks if they move down? Without buy orders below the market price can't persist down ceteris paribus. There is a net effect of the persistence of this recurring intensity state. It is that shares are removed from weak hands and put into strong hands. Under a psychological change, the above mentioned potential overhead supply removal has a more dynamic effect, for it is the weak handed that currently continue to supply above that tempers the bursts of intensity. The evidence is seen in persistence of the inelastic state of marginal demand adjusted for intensity and normalized to the gauged activity. The big players are totally convinced like the minnows that the FED has solved the monetary problem. This comes from Pavlov price training and an extended tradition. Like many times in the past the mood won't change until the problems are in their faces.