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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: drsvelte who wrote (2358)10/6/1999 5:18:00 PM
From: M. Frank Greiffenstein  Read Replies (3) of 15615
 
The On Balance Volume line has been telling you that GBLX has been under accumulation since early September

Please, don't make me laugh. Been there, done that.

The problem with TA people is that they only remember the instances when it works but never keep track of when it doesn't work. I've kept track (including OBV) and found it does not improve prediction. What does happen is that people become convinced of TA during bull markets when most stocks rise anyway irrespective of what the charts say.

DocStone
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