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Strategies & Market Trends : Technical Analysis - Beginners

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To: Christopher who wrote (10549)	6/7/1999 9:43:00 AM
From: Dick Brown	Read Replies (2) of 12039

You made a comment that you could tell thu sector investing if the DOW was going up or down..This raises a red flag to me because I never thought of TA as a predictor of price action and I never will because I know better..What did you mean by this and what is the timeframe? Do you have a crystal ball?. Do your indicators account for the fact Greenspan may, out of the blue, say he is raising interest rates? I always thought of this game as getting the odds on your side and rule #1 is capital preservation. You can use any tool anyway you want as long as it helps YOU with the odds. It doesn't have to be your way or Richards way, as always IMO.. Dick.

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