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Technology Stocks : Broadcom (BRCM)

BRCM 54.67

0.0%

Feb 9 4:00 PM EST

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To: Black-Scholes who wrote (1478)	5/3/1999 1:11:00 AM
From: Oblomov	of 6531

I agree with your first statement. TA is one step above voodoo. But voodoo is one step above EMH. At least voodoo has a consistent explanation for why illness occurs (although this explanation does not agree with that of Western science). EMH cannot explain why crashes or bubbles occur. And it certainly does not explain how a market participant may profit from such events. Some charts are meaningless. Some are not. In which cases are historical price movements relevant to predicting the future price changes? This is the question that is not being asked in academia. But it is a critical question for those who manage large sums of money. AA

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