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Updated 11/20/2009  
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GWG
GREAT WESTERN GOLD CORP
Daily Commentary

Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 11.18.2009 (2) days ago, when the stock price was 0.2700. Since then GWG has gained 0.00% .

BUY-IF is confirmed by a white candlestick which has an open equal to the previous close but closing higher. The buying price is the previous close ( 0.2600 ) according to the Rules of Confirmation.

The recent bullish formation leading to the BUY-IF signal is confirmed today. The market is ready for a new bullish move. Though the market opened lower today, the day’s activity created a white candlestick that closed above the previous close. This is a valid confirmation criterion.

We hope that you acted quickly and already bought this stock . Your important benchmark was the previous close. You were supposed to watch the session carefully, feel its bullish tendency despite the lower opening, and go long after making sure that the prices stay over the previous close.

If you bought, continue to hold this stock until the confirmation of the next SELL-IF signal. You are on safe grounds as long as the future prices continue to trade above the benchmark price. What to do if you did not buy? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well, it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions.

The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any.

Data provided by:  End of Day Data

 
BUY
CONFIRMED
0.2700
+0.0100 +3.85%
Candlestick Analysis
Today’s Candlestick Patterns:
White Spinning Top
Candlestick Pattern

Today a White Spinning Top was formed. This represents complete indecision between the bulls and the bears.
For more about this candlestick click here.


 
 
Stock Quote
Day's Close 0.2700
Previous Close 0.2600
Previous Open 0.2600
Change +0.0100
% Change +3.85%
Volume 536,401
 
Stock Activity
Day's Open 0.2600
Day's High 0.2700
Day's Low 0.2500
20-Day Close M.A. 0.2715
50-Day Close M.A. 0.3130
65-Day Volume M.A. 3,599,941
 

Two-Year Signal History
Date          Price   Signal $100
Became
11.20.09 0.2600    Buy   2,107
11.18.09 0.2700    Sell 2,107
11.16.09 0.2500    Buy 1,951
11.05.09 0.3000    Sell 1,951
11.03.09 0.2700    Buy 1,756
09.30.09 0.4300    Sell 1,756
09.22.09 0.2800    Buy 1,143
08.27.09 0.2400    Sell 1,143
08.19.09 0.1800    Buy 857
08.17.09 0.1400    Sell 857
07.20.09 0.1000    Buy 612
06.22.09 0.1400    Sell 612
06.18.09 0.1400    Buy 612
06.15.09 0.1600    Sell 612
06.11.09 0.1600    Buy 612
04.28.09 0.0900    Sell 612
03.31.09 0.0600    Buy 408
02.13.09 0.1100    Sell 408
02.10.09 0.1000    Buy 371
02.03.09 0.1000    Sell 371
01.14.09 0.0800    Buy 297
11.11.08 0.1300    Sell 297
10.27.08 0.0700    Buy 160
09.17.08 0.2100    Sell 160
09.12.08 0.2000    Buy 152
08.11.08 0.2600    Sell 152
07.29.08 0.2500    Buy 146
07.09.08 0.2800    Sell 146
07.04.08 0.2900    Buy 152
06.16.08 0.3800    Sell 152
04.17.08 0.2200    Buy 88
03.05.08 0.2700    Sell 88
12.21.07 0.3000    Buy 98
11.26.07 0.3500    Sell 98
11.21.07 0.3200    Buy 89
11.12.07 0.3300    Sell 89
10.26.07 0.3700    Buy 100
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