Hot Pick Of The Day

[New-born baby]

abx

ABX is a nice gold stock.

[RL]

NB could you or would you give me your take on GWR.

[peanuts]

ABX is a nice gold stock.

I have a friend that is in Peru and Chile right now, doing a documentary that sort of revolves around Barrick Gold. She'll be done in August. It is about the way the company destroys the environment for the sake of profits and how when the mine is done, then the locals are left with the waste and no jobs. I can't wait to see it and I'll let you know if I catch any good info from the documentary.

I'm not so sure if it's a "nice" gold stock, but it can make you money

[New-born baby]

I have a friend that is in Peru and Chile right now, doing a documentary that sort of revolves around Barrick Gold. She'll be done in August. It is about the way the company destroys the environment for the sake of profits and how when the mine is done, then the locals are left with the waste and no jobs. I can't wait to see it and I'll let you know if I catch any good info from the documentary.

I'm not so sure if it's a "nice" gold stock, but it can make you money

Yeah, according to your post, it may not be very nice. I was just looking at the chart, and I bought today at $29.92, $29.93, $29.99, and $30.16. So far it has been nice to me.

[New-born baby]

Gwr

NB could you or would you give me your take on GWR.

Hi, Ray Long:

GWR: PnF says $17, so I am not the only one bearish on it.
Looks like a double top just occurred at $36 (easily within 3% of a double top). If support fails at $32, I would not want this one long at this time. I would flip over and short it down. (On the other hand, if it busts the $36 resistance on volume, you'd be wise to take it long and look for $45. I don't think it will happen, but it could).

Weekly: had a trend break (blue line) and recovery, signalling a weakening trend. PnF target shown. Daily (below) shows significant supports were GWR may bounce awhile before dropping lower.

[RL]

wow that Is a big drop to 17. Thanks for your answer If the railroads are going to drop like that what dose that say for the economy?

[spikefader]

Then explain it. Without peer review of methodology anyone can assert anything and never be incorrect.

I'll think about it while I also contemplate flickin' her forehead for being so hard-headed lol So now you're wanting me to submit my theory for peer review! lol sheesh, isn't that what I've been doing for months via charts? OK, I haven't published formal guidelines, Lord forgive me, but come on.....the topic has been thrown around plenty and I've always invited comment on the published and detailed charts. And I don't recall you adding much to the charts apart from disagreement and negativity Dave, all the while basing your criticisms on formal EW theory, apparently ignorant of what fuzzy logic is. Today you've confirmed that fact.

Anyway, Dave, no dude, I'm not merely asserting something to be true with no accountability. I've posted thousands of charts at this forum in the past couple of years and I've posted many verbal explanations of fuzziness, asking merely that formal EWers cut me some slack and open their minds to a new concept. I'm tempted to say go look at 'em and draw your own stinkin' guidelines regarding my fuzzy counting.

Fuzzy logic is a "If X and Y then Z" rule based system.
http://www.seattlerobotics.org/encod...FUZZY%20LOGIC?

I note your link also includes this:

"FL provides a simple way to arrive at a definite conclusion based upon vague, ambiguous, imprecise, noisy, or missing input information".

Doesn't sound at all like Elliott Wave Theory to me Dave. EW ain't fuzzy; it's all about precise and specific rules that must be followed or a count is invalid.

What that link actually goes on to explain is FL incorporates a simple, rule-based IF X AND Y THEN Z approach to a solving control problem rather than attempting to model a system mathematically. You might wanna reconsider your stance on where formal EW fits into that. You might also wanna work on your manners dude.

[New-born baby]

Timing

wow that Is a big drop to 17. Thanks for your answer If the railroads are going to drop like that what dose that say for the economy?

Ray,
That is just the PnF, and the PnF does not give us a time value. Elliott Wave would give you some approximate time that it will happen. And you know that prices see-saw their way up or down. But what I think you'll see is that the economy will slide into recession, and railroads will drop.

Also consider GWR runs track in Boliva and Mexico. That might affect the stock price, too.

[New-born baby]

Intl

Watch this formation. INTL is going to begin to make a move one way or another in the next couple of weeks or so, according to this weekly chart.
That move will be a significant one.

[New-born baby]

Gd

I am liking GD to hit $70+ from here. Let's call the first target $70, second target to be determined.

[IIC]

I voted AXR will make the Top 20...My crystal ball says it should come in at # 12...IIC

[New-born baby]

I voted AXR will make the Top 20...My crystal ball says it should come in at # 12...IIC

Doug,
You're simple incredible. YOU WIN!!!
Now, how do I get that poll off of this forum?

[IIC]

Doug,
You're simple incredible. YOU WIN!!!
Now, how do I get that poll off of this forum?

I have no idea...KAREL????...LOL

[New-born baby]

I have no idea...KAREL????...LOL

He went on vacation to . . .to . . . I forgot. Moscow? The French Riveria? Oh! Now I remember: to ROME!

Oh well. It goes away on July 16 . . . .

[New-born baby]

aci and BTU

ACI and BTU flashed buy signals at the close on Friday, and confirmed today. I am long both stocks.