TYHEE GOLD CORP

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Message: Re: Market Risk? TECHNICAL

Feb 15, 2008 02:34AM

Feb 15, 2008 02:51AM

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Feb 16, 2008 12:56AM

Skeleg:

I have TDC on the T.A. alerts list at my broker. If it does complete the formation of a chart pattern, I will post it. I find that gold stocks are tough to judge using T.A. alone.

The most recent formation was a Top Triangle (bearish) on December 18th. We are well past that. Now then, looking on the right side and down lower on the chart, about January 1st. and onward, a wedge or symmetrical triangle might be forming. Hard to tell exactly because not enough chart room there.

Volume wasn't bad recently but has fallen the past few days. Yesterday was lousy, you guys need to buy more! lol!

Anyway, volume is very important and should be building up going into the completion of a formation.

Sometimes I will try a stock based on T.A. signals or indicators provided the fundamental or seasonal analysis are good; I prefer all three. Another way I look at T.A. is: T.A. is just reflecting investors opinions about a company's fundamentals, and looking at a chart gives me a quick look.

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