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Strategies & Market Trends : Technical Analysis - Beginners

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To: gonzongo who wrote ()	4/5/1997 12:12:00 AM
From: Adelantado	of 12039

TA is like throwing knuckel bones into the wind. Ancient shaman, in order to diagnose illness would throw knuckel bones into the wind to see how they fell into a circle. Based on the analysis some chants were sung and some herbs were prescribed, perhaps with a few punches here and there. If the person survived, the shaman was sucessful. But if the person died, then the evil spirit...something entirely unrelated to the knuckle bones over-came the shaman's power. In reality, of course the importance of the shaman's interpretation and power depended upon the confidence the person gave the shaman. TA works like this: the chart interpretation gives you confidence to bet your money. If it works, TA is a sucess. If it didn't, then you didn't follow TA exactly as the rules mandate, or the market conditions...alike the great spirt...prevented TA from doing its job. I say: learn and use TA if it gives you confidence to bet your money in a process that depends upon almost random movements. But if TA doesn't give you that confidence, then learn some fundamentals to see if that gives you better peace of mind. Joe.

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