Uranium Companies

There are very few pure uranium companies. Most companies, especially the small exploration type, are active in more than the uranium industry. This blog makes no attempt to guage the percentage of a companies activity that are related to the finding, mining or processing of uraniun. They all do, however, have some uranium activities (to the best of our review).

Merv's Uranium Indices

I have developed two Uranium Indices. They each have the same component stocks but are calculated using different methodologies. My weekly Index is based upon the average weekly performance of the component stocks. My daily Index is based upon the daily average of the component stocks open, high, low and close prices along with the daily average volume of all component stocks.

Click on the chart or table to enlage the view.

11 September 2010

Merv's Weekly Indices 11 Sept 2010


Anonymous said...

Hi Merv,

Have you ever dabbled with the Fibonacci Retracement? Traders use it in an attempt to determine how much a stock pulls back after a run up. I found it interesting as I have been placing it on several charts and noticed that quite a few stocks move (drop)to the Fibonacci numbers for support.

I know that you have an established technical analysis system and are successful with the tools that you are using. Just wondering...

BTW, keep up the great U308 analysis.

Merv said...

Ah! good old Fibonacci. There was an accountant (I forget where) who did a survey of women. He measured the distance from the top of the head to their belly button and compared this number to their total height. Low and behod, the Fibonacci number came up every time. And you thought that accountants were a dull bunch of people. Give me this job anytime.

If given a choice between two similar numbers and one is a Fibonacci number I would go with the Fibonacci one. My momentum trigger lines are 8, 13 and 21 moving averages which are all Fibonacci numbers. I do use the numbers often BUT I do not get involved with mechanical techniques that use the numbers. I have not had CONSISTENT reliability with these techniques (such as retracement locations). That is not to say that such techniques are not any good, it's just that for me they did not seem to work well.

Technicians are prone to showing its use every time they have an example that has worked but most of the time do not mention how often it does not work. As with most indicators I would not TRADE on its message but would keep watch to see if and when it works but use a trend indicator to trade with.

Anonymous said...

I'll take the measurements as well! Interesting study.

I've noticed that the trends/pullbacks with Gold is often Fibonacci 'friendly'...