SmallCap Trading Techniques

[I Like Bottom Fishing]

$GOLD CONTINUOUS EOD CHART
1 - please click on web link to view current gold price.
http://www.monex.com/liveprices
2
http://www.goldprice.org/
3
http://www.kitco.com/charts/livegold.html
4
http://www.currentgoldpriceperounce.com/









Tweezers & Doji


Tweezers
http://www.trade2win.com/traderpedia/Tweezers
The Tweezers candle pattern consists of two or more candles with matching highs or lows (Tweezers Top and Tweezers Bottom). The name comes from the appearance of their formation, looking similar to a pair of tweezers - and the can occur in a variety of formats - see the illustration below, however their highs or lows will always be the same.
Image:Tweezers.jpg

http://www.trade2win.com/traderpedia/Tweezers
A tweezers pattern should preferrably have the first candle with a long real body - the colour of this will depend on if it is a rising or falling market. The second candle is where the variation can take place as this could be a Hanging Man, a Shooting star, a Harami Cross or a Dark Cloud Cover for a Tweezers top. Or a Hammer, a Harami Cross or a Piercing Pattern for Tweezers bottom. However the one thing they must have is an equal high point for Tweezers top and an equal low point for Tweezers bottom.
http://www.trade2win.com/traderpedia/Tweezers
As well as being a reversal pattern, Tweezers top and bottom can also be continutation signal. This happens when - say, in the middle of an uptrend you find a Tweezers bottom occuring. The stock/index will 'rest' and consolidate for a while mid way up the trend and in doing this may form a Tweezers bottom. It is at this point that a signal is given to buy into that stock before it starts to resume its upward trend. In other words the Tweezers bottom has formed an intermediate line of support from which the stock/index will bounce upwards.
http://www.trade2win.com/traderpedia/Tweezers
Doji
Definition:
A candlestick with a body so small that the open and close prices are equal.
http://www.trade2win.com/traderpedia/Doji
Image:Doji1.jpg

With a doji there is no (or a very small) real body as it is formed because the buyers could not exert enough bullish pressure to push the price higher than the open, and the sellers could not exert enough bearish pressure to make the price go lower than the open. In essence the doji represents indecision.
Doji come in several varieties as well, there is the standard doji - metioned here, as well as the Gravestone and the Dragonfly Doji, both of which have their individual characteristics.
http://www.trade2win.com/traderpedia/Doji
The doji is often represented as a sign of a turning market. While it is common to see a doji at a market top or bottom, it is not wise to use it alone as a turning signal. Indecision means exactly that, the market is unsure of its future direction - therefore it should only be used as a warning, not a stand-alone signal. If the doji appears at previous support or resistance it is more likely to signal a potential reversal, however it occasionally appears out of the blue, and this should signal caution to the trader - but positions should not be liquidated without further confirmation. A common way to use this signal in an uptrend would be to use a close under the low of the doji to signal a top, and a close above the high of the doji to signal continuation, with the reverse for a downtrend.
http://www.trade2win.com/traderpedia/Doji
1
http://optionstradingbeginner.blogspot.com/2008/04/tweezer-bottom-vs-tweezer-top.html

2
http://optionstradingbeginner.blogspot.com/2008/04/tweezer-bottom-vs-tweezer-top.html

More Miners Hedge, Expect Gold's Rise to End
COMMODITIES AUGUST 3, 2011, 10:58 A.M. ET
more in Markets »
BY FRANCESCA FREEMAN
http://online.wsj.com/article/SB10001424053111903454504576485842141002156.html?ru=yahoo&mod=yahoo_hs
LONDON—Mining companies are again using derivatives to lock in the sale price of gold, snapping a four-year streak of getting out of such deals.
The move reveals more miners are betting the bullish sentiment pervading the precious metal could be about to turn sour.
According to a report released Wednesday by U.K.-based metals consultancy GFMS, the amount of gold being hedged by miners outpaced the amount of gold-hedge-book positions being closed in the first three months of the year.
This was the second quarter in the last 12 months when hedging activity has resulted in net supply to the market, ...
http://online.wsj.com/article/SB10001424053111903454504576485842141002156.html?ru=yahoo&mod=yahoo_hs
5 Winners in Metal and Mining Stocks
By Karvy Global 07/25/11 - 10:47 AM EDT
http://www.thestreet.com/_yahoo/story/11196959/1/5-winners-in-metal-and-mining-stocks.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
Stock quotes in this article:WLT, JRCC, CLD, ACI, STLD, CNX, X, BRD, GSS, SWC, AEM
inShare
NEW YORK (TheStreet) - Mining stocks Walter Energy(WLT_), James River Coal(JRCC_) and Cloud Peak Energy(CLD_) outperformed the S&P 500 Metals and Mining Index last week gaining 4% to 19%, compared to the latter's 2.2% increase. These stocks closed on a positive note last week, based on strong industry fundamentals and company developments.
More on WLT
Gold Prices Lose Steam as Equities Regain Momentum
Brigus Gold’s Q2 Earnings Release And Conference Call
Arch Coal Stock Hits New 52-Week Low (ACI)
Market Activity
Agnico-Eagle Mines| AEM
UP
Arch Coal Inc| ACI
Walter Energy| WLT
DOWN
http://www.thestreet.com/_yahoo/story/11196959/1/5-winners-in-metal-and-mining-stocks.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
At the close, gold and silver prices fell 0.2% and 1.1% respectively. Reversing its prior week's winning streak, Brigus Gold(BRD_) headed the pack of losers, down 5.9%. Gold producer Golden Star Resources(GSS_) followed with a 5% decline. Silver producers Stillwater Mining(SWC_) and Agnico-Eagle Mines(AEM_) shed 3.2% and 2.6%, respectively.
Below, the stocks are ordered in terms of one-week returns, highest to lowest.
1. Walter Energy(WLT), a producer and exporter of metallurgical coal for the global steel industry, also engages in the production of steam coal, coal bed methane gas (natural gas), metallurgical coke and other related products. The company operates in three segments: underground mining, surface mining and Walter Coke. The stock gained 18.7% last week.
During the course of last week amid discussion regarding putting the company up for sale. A Citi analyst initiated coverage on the stock with a buy rating and price target of $144.
Even though shareholders lost hugely in recent months, they could benefit from a $4 billion windfall if the coal producer is acquired. Audley Capital Advisors believes that the company would obtain almost $192 per share, or 60% premium on $120 per share. Analysts believe Walter is a superior quality and that with metallurgical coal demand at record highs, it will attract good buyers.
Of the 18 analysts covering the stock, 72% recommend a buy while the remaining rate a hold. There are no sell ratings on the stock. On average, analysts estimate 18.0% upside to $155.42 in value from current levels.
http://www.thestreet.com/_yahoo/story/11196959/1/5-winners-in-metal-and-mining-stocks.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA