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Technology Stocks : Softbank Group Corp

SFTBY 61.05

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3:58 PM EST

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To: astyanax who wrote (1726)	9/15/1999 10:49:00 AM
From: Netwit	Read Replies (1) of 6020

Well, look, I suppose some of what you say is right--That hindsight tea reading is a bit annoying and I don't believe that TA is predictive--so I'm sure those studies are correct. But I have to say I have been using some TA (moving averages, MACD and schoasctics) to time entry and exit points in stocks for a couples of months and it seems quite successful. These measures are premises on reversion to the mean--which few people quibble with. Anyway--when you want into a stock and you don't know when to leap, it is helpful to know whether the stock is oversold or overbought and which direction the trend is going. As I said I've only been doing TA for a few months (and that's just not long enough to be meaningful), BUT I keep very detailed records on the different strategies I use to gauge their effectiveness--I do this because I think that if I don't the tendency for investors to lie to themselves is remarkable and there is nothing like hard cold returns staring you in the face to splash a bit of reality on you--so I track each investment method I use so that I know its effectiveness and which methods to abandon. I'm not an advocate in this, but a truth seeker.

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