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Gold/Mining/Energy : AZC - AZCO MININGS (AMEX:AZC) -- Ignore unavailable to you. Want to Upgrade?

To: BHunt who wrote (30)	5/24/1999 12:38:00 PM
From: Bill Fortune III	Respond to of 118

Well Mr. Hunt great post!!!! What more could we ask for? I believe you also post on Raging Bull, and if I am correct maybe you post the same thing over there. Regards, Bill Fortune III

To: BHunt who wrote (30)	5/24/1999 1:06:00 PM
From: Bill Fortune III	Respond to of 118

Greetings Bhunt and all. In addition to your fine link Bhunt, I am always interested in good stock such as AZC and for that reason I have accumulated a nice little portion as part of my portfolio. The reason I say that is that after I buy a stock I continue to research on them from time to time. As I was doing just that on AZC this morning after seeing Bhunt's post. I was delighted in what I found in regards to my technical analysis (TA). I looked at the Bollinger Bands and found that they had tighten considerably in early May and that is good. The price needed to break out above the top which could signal a continuation of upward movement. And guess what that is just what has happen WOW. Here is a link to what I am talking about at the Wall Street City Site: tscn.com The following is an overview of the Bollinger Bands. Definition The Bollinger bands are a modification of trading bands developed by John Bollinger. Normally, trading bands are lines drawn at a fixed interval around a moving average. (Trading bands are called a moving average envelope). However, there are problems with these bands. First, different trading situations require different widths, and second, different moving average lengths produce different trading bands. John Bollinger solved these problems by placing the bands two standard deviations on either side of the moving average. Because of this, Bollinger bands will vary in distance from the average as a function of the stock's volatility. Interpretation According to John Bollinger:  Sharp moves tend to occur after the bands tighten to the average, i.e., the volatility lessens.  A move outside the bands calls for a continuation of the trend.  Tops and bottoms made outside the bands, which are followed by tops and bottoms made inside the bands, indicate a trend reversal.  A move originating at one band tends to go to the other band. Disclaimer Be aware that technical analysis is not foolproof and frequently produces bad signals. They should not be used as an automated buy and sell program but as a tool to enhance your probability of holding winning stocks. All technical analysis is based on mathematical calculations and, as such, no investment decision should be based solely on its conclusions. AND ON TOP OF THAT GOOD TA; it should also be noted that the following are offering buy signals AZC: MACD = Buy Signal: tscn.com CCI has just issued a new Buy Signal in mid May: tscn.com Momentum has been giving a Buy Signal since early May: tscn.com Stochastics has 3 Buy Signals in a row since early March: tscn.com RSI has a Buy Signal since early May: tscn.com THE GREEN (BUY) ARROWS: Breakout arrows Each technical indicator that has breakouts will have the breakout points hilighted BY GREEN (POSITIVE BREAKOUTS) or red (negative breakouts) arrows. These are the equivalent to buy and sell points, however, see disclaimer below. Disclaimer Be aware that technical analysis is not foolproof and frequently produces bad signals (whipsaws). They should not be used as an automated buy and sell program but as a tool to enhance your probability of holding winning stocks. All technical analysis is based on mathematical calculations and, as such, no investment decision should be based solely on its conclusions. As far as I am concerned the TA is beyond bullish at the moment. The only ingredient missing is investor involvement. I also know that once it starts to move, that movement could be very impressive. The best to all of you in all of your trading and regards, Bill Fortune III