Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Time Traveler who wrote (36722)	9/3/1998 3:05:00 PM
From: Jim McMannis	of 1582349

TT, There are many types of TA and all of them don't rely on "curve fitting". As a matter of fact, basing buy/sell decisions on curve fitting alone can be very dangerous. Redundancy, using other indicators, is very critical. Since by your own admission the markets are "socialogically driven" what better measure do you have of observing the psychology than looking at charts?. Applying some mathematical formulas to the price data might just give you some better insight into the psychology of the market. This is really the premise of technical analysis. The "theory" that I was seeing if you were familiar with is called "Elliot Wave". It's premise is that movement in the markets because of psychology occurs in wave patterns. Why is all this not an "exact science"...because you are trying to predict the future. Not easy. Using all the tools at your disposal isn't a bad idea...even if you reduce the TA part to the lowest common denominator. Even if you are an Intel accumulator you'll get a better idea of when to buy if you look at a chart. Regards, Jim

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