QGX Ltd fka QGX

[echarters]

When you are doing volume accumulation a good strategy is to take the difference between the low and the close, and the high and the close, and average them, as this is more accurate indication of a stock's net move than just the change from close to close. If you take QGX's median price from high to low, then it is on a more or less steady upward trend. That is if you squint real hard, turn your head to the right, or left as the case of your handedness may be, and blink at a fibonacci rate of change as the chart moves from left to right.

The real reason for QGX's lackluster performance may be put down to several factors.

1. The news came out. All stocks are supposed to move down when they put out news. Particularly the ones you happen to be overbought in.

2. It is a national holiday in Mongolia. Either Kublai Khan's third grandson's birth or death, or Genghis Khan's horse's first Triple Crown.

3. They are giving away gold wafers with every pound of recycled yak dung in Ulan Bator on Mondays.

4. George Bush burped and Alan Greenspan suffered a dizzy spell when he got up to give his annual state of the Fed address at the luncheon for power brokers at a DC hotel today. Later GWB announced he was going to take a golden retirement after this term in office. He then apologized. He said he realized that gold was a dirty word on Wall Street. Later he took it back, as he meant to retire after his next term in office. Later he took that back, as he meant, if he got elected. Later he took that back, and said that it was if he decided to run. Later he took that back, and said he was sure he was going to run, if he felt like it.

5. There was an announcement in Indian Parliament that were going to vote on making the rupee convertible. Later they corrected that and stated that they meant convertible to more rupees.

6. The dow rose today.

EC<:-}