Gold GGA.To update charting and DD Gorilla style

This post is under construction, and will updated over the weekend... the purpose here, is to chart favorable mentions of popular analyst types, and see if there is any (volume/trend) action to the hype using charting....

Lots to pick from, but getting ready to run, limits the field... here's one... something to keep in mind with this particular chart... is that it is deceptive unless you are used to it... such that when compared to a StockCharts chart.... it looks less whippy, and more represents trend motion... such that the bollinger is very sensitive to upper crossovers as topping signals. Looking at a Stockcharts chart may be a little intimidating compared (StockCharts charts can often be very volatile looking). What this means is that, for the chart below... (a TD Waterhouse real time... level II)...so long as there is no upper bollinger crossovers in the chart posted below... depending on the fundamentals.... toppy indications in the Stockcharts chart are going to be ignored by this chartist. The best entry with tight stop considerations would be from 1.03 to 1.08.

I continue to speculate... GGA.TO is a little whippy intraday... however I'm seeing a pattern, (IN THE STOCKCHARTS STUDY) that I have seen before (difficult to describe), and that pattern is suggesting the stock is in a transition from oversupply to undersupply right in the middle of volatility (the wide intraday swings, and dojies are very bullish suggestion on the chart), and is likely to make further moves to the upside... the chart is extremely strong in an uptrend.

Those long candle tails suggest distribution on one side and accumulation on the other (buying the dips), however on the chart, the distribution appears to be thinning out to the upside.

If you can picture a Willie Cyote cartoon where the legs on the road runner are a circle blur, you have a pretty good mental picture of the motion to come.

Supporting indicators suggest uptrend.

StockCharts Public Chart List  I will be updating the Public List Monday or Tuesday.

It is going to go one way or the other pretty quick... IMOP.... Seeing Mexico
I'm bullish. Bing GGA.TO Search


Some very worthwhile considerations in the strong speculative area.... I will be looking on Monday/Tuesday to take a position that over the last few weeks may repeat, and present itself  under the usual early week pressure.

AGG.V    -    GHV.V  and  GOZ.TO are 3 others out of Ticker Trax mentions on Stock House ...


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For what is worth NG

I'm noticing some persistant life in natural gas....

Chartwise for speculation... DEI.V has a pretty interesting chart... (bak to this post later)

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Here we are...

Entering the last few weeks of Tax selling (which will likely ease about the 22 of December and I have to say that it has been a different type of August to December than I can remember in years... I'm trying to make something of it that will work.

Traditionally and I suspect this year won't be any different if I read the bullish Venture and Toronto right, (only the lead up to the market timing has been different) this is the time of year that breaks into the Santa Rally between Dec 25th and Jan 1st... which then leads into the January effect, such that until about the end of April, middle of May for the Go Away in May, is the best time of year for gains to be made in strong speculative stocks, in particular for this year.......... Lithium, Uranium, Copper, Gold, and Silver miners.

If the speculators i follow have their hats on straight, this could be very interesting indeed.

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Time to buy/sell

If your using Level II - about 4 hours+ into the trading day as a rule of thumb, can be the time to see intraday direction...

Monday - usually down day - pick up favorite picks under pressure
Tuesday - usually down day - pick up favorite picks under pressure

Heavy selling on those days so far have reversed Wednesday for strong picks.

Wednesday - usually strong bullish day (lots of distribution though) maybe sell something... ?

Thursday... still bullish, but pressure overall is a bit more effective... possible buy/sell day

Friday - can still be a bit bullish, but possible to buy something under pressure after the first 4.5 hours of the trading day from weekend sellers.


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EVG.V update

Too soon to chart effectively as in intraday, however.... the trend is still up as the moment of this post on DEC 02 2010 close...  that's a lot of gold ... Three comments updated on the StockCharts Public Chart List

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From Grandich's blog

Canadian Miners 2011

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Grandich - Buy DEI.V .46

I have followed Grandich for years and to be truthful I have hemmed and hawed about his selling of EVG.V for the last 24 hours hoping to get a glimpse of why he might do that.... the fact that he has taken it off his watch list suggests that he has found something to dwell on.... while he says nothing new in terms of bad news, if there is one thing that I have learned... walk behind Grandich..... I'm not saying EVG.V will not prosper, I'm saying the reason for Grandich's move seems apparent to me if only I had a crystal ball... with his new client... I think he moved his money to new pasture because  I immediately fell in love with the DEI.V chart  DonnyBrook  I grabbed half of what I am going to buy at .46... 10 minutes ago. Hoping for some back fill to average in, which is a different concept than averaging down on a downtrend, this is an uptrend.

Level II... I jumped the gun, as far as observing goes, but I have other tools that help me evalute potential, and I wish I had seen this at .40 cents. Say no more for this post.


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LAQ.V as an example.

Using level II, an experienced person who may also have skills to chart.... can see the action on the level II platform... using real time charting he/she can also measure the effect of the the level II pricing action in regards to the selling. I'm not kidding... it's not un-like riding a bike, but it is more time consuming to develop the skill ,and is shrouded in mystery.

Selling is made up of two basic concerns.

1) Insiders or institutional professional levels.................... (large distribution)

2) Retail investors of the non professional persuasion........(small distribution)



Insiders may have an ability to start up a company, take it to the market, issue options and PP with warrants attached... but at that point it has been my experience (observing penny plays with the associated volume in buying if left unchecked by equal selling) that few have the skill on an individual basis to maximize the price at which they can exercise options and warrants and still keep shareholder value to the maximum relative to the need for the money to expand, and do business, and grow without damaging their reputation. If they could successfully manage the exercise of the options and warrants pegged to the pulse of the share appreciation... it would make a better environment for share holders and insiders alike. IMOP.

Unfortunately... I'm unemployed in that area of consultation. If I had the power to manipulate the selling (and I don't) I would instruct the institutional traders to show more patience, and let the retail speculators do their job. This instruction would be based on the perception of ambient charting indication... However I'm sure the truth would hurt in some cases as to the effectiveness of the promotion and level of credibility which  profoundly effects the charting indications... No bout a doubt it. if you get pegged as a pump and dump your float has a better chance of moving in to the 100's of millions... even legitimate small caps may take years of share issue to grow without the cross to bear of pump and dump. However, if that is what makes the insiders plan of action... a course of action to be nothing but pump and dump... then the truth will be played out as MASS distribution.... you can see it... poor share price appreciation... issues with even good resources can be victim of poor skills in the exercising of insider advantages. If you see poor performance... there is a reason.

AT this point I see no adverse distribution in the level II platform, and real time charting associated with LAQ... it appears that the trading occurring is made up of retail traders, as such the supply washes out over time... the price advances.... if there is any insider sales amongst the mix... as long as they are discretionary and conservative at this point, the retail trading is starting to take on a voluminous measure.

Without interference on the sell side, (interference on the buy side... a different story) bidding could take this to a dollar or more, of course that is a function of end credibility, and value of the NR's and resources.

Speculation in small caps..... Gorilla style!

When you see the bid side get to 300 k and hold, it is a reasonable measure of progress to move to the next level if you're a new shareholder. I have seen as long as 6 months and as little as 1 to 3months to produce a 3 bagger from under .10 cents... if the selling conditions are right. In this case a bit of visible Level II weakness in the asks is present for two levels up... and that equals bull bait.

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Distribution

In the most simplest terms is when a price vaults to a new higher position on huge volume and reaches an apex where the majority of the volume smothers the price rise, and beats it back (At that point, it is safe to say, the market (traders... most likely institutional, are selling, or distributing the higher share price to retail investors).... If you are watching Level II you can see the real time action in the levels of bids and asks.    If you have a real time chart, you can see price react to the effect of the distribution by the peak of the price graph as it tops and recedes or spins (envision a candle with a long toppy tail as the result of said price action) at a certain level.

Distribution can also be seen in continuation moves where the supply is washed in surges.



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GGA.T heads up

Some prliminary charting suggests... a buy in the area of 1.06 (questionable as a realistic target) would be extremely productive... it is consolidating... having just popped a bit in the midst, on some news, however it looks to be a bit weak.

This pick has some good fundamental considerations... and is a worthy charting prospect.

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Jay Taylor - GEM.V and LAQ.V

I have just finished going over Jay's website, and charting, and creating a level II Jay Picks List.

The only two that I can see getting any action (volume) and are making an up move are GEM.V and LAQ.V (which is the better looking of the two)

This may not be quick, but the potential for a 3 bagger is quite high for LAQ.V   ...simply for the reason that at this price .075 to .085 the downside is negligible... the promo has just begun... I heard word that a promo contract has just been snagged for LAQ... so I'm on the cusp.

Level II shows that overhead is not dominant, (what that means is they are not being hosed) and that bidding is picking up slowly, as long as the sellers consist of traders and the bidding builds, a continued move up seems likely, as that has been happening over the last month... a double in the short term seems very possible at the least. I have taken a position in LAQ.V... They actually have some real good speculative fundamentals... If they find anything...  and can build on them ... a three bagger will go much farther.... silver and gold.


don't chase........... Bid..... .075 to .085 as the bids build, and get to over 300,000 it would be safe to say another step has been formed and bidding into the next level would be prudent as far as chasing would be termed...



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EVG.V Popped to 1.29 this morning

I saw it coming on level II, and posted on the SH EVG board  (Toot) yesterday... there was a poster... at least one who suspected good news coming, and he was right on... sure explains the price action I was seeing.

Fibonnacci suggests a return to 1.09 would be appropriate over time... of course that may be a bit premature as we may have some more upside before applying the %.   I can see distribution on the level II platform... @ 1.27 to 1.29  however if we close strong... a gap up for the blow off may come home. On my level II Bollinger we have popped the upper, and to be honest it has always been fairly accurate for toppy action corrections.
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Fundamental Research - EVG.V

A bit old but gives a good summary overview...

Fundamental Research



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LAQ.V

A check of Level II suggests that if we break over .11 cents, the resistance will be over the next couple or three cents, made up of traders... short sighted I would say... and chasing a price into the high teens as this gets away from them.

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LAQ.V

I'm liking the level II action, slow as to be expected... always is on a speculative issue... most people don't know how to get on... I have been quietly bidding in the .075 to .085 area and have picked up a sizable position... I still have some bid in and hope to be filled... soon



I'm hoping for at least a two bagger... possibly a three bagger in the next two months... if they actually find something ( by some standards they already have more to value than a lot of higher priced issues) it would be a great pick if it went the distance to .50 to .90 cents.

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EVG.V

There's good strong trending indications developing in all the chart studies I employ against EVG.V... Level II is demonstrating a distinct lack of selling, although the market appears very cautious, the bid/ask gap is noticeable, almost .05 cents to the upside on the open this morning...  this demonstrates lack of sellers as well as cautious buyers... left to it's own, it has been my experience a price will rise before it descends due to human nature (sellers will not leap to the bid unless they are pushed) that isn't being manipulated by institutional sellers. Buyers will creep in and take the bid as it moves into the range. StockCharts Public Chart List



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New Links

The below links lead to some popular guru sites that I check frequently, and chart investor response over time in the manner of Gorilla trading tactics as the Main website describes. KenuckSmallCap

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