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Technology Stocks : PairGain Technologies

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To: Doug R who wrote (34829)11/22/1999 9:30:00 AM
From: DWCraig  Read Replies (2) of 36349
 
That's not what you told Rainmaker. Yesterday, he asked you to "elaborate a bit on the 'conditions' and the modeled output (ie. where do you see PAIR's price in timeframe X?)"

You replied: "It's purely a charting technique with no technical criteria (ie MAs, MACD, stochastics, RSI, regression stuff, momentum factors, etc)." Your answer may have applied only to the break of your IL line, but if that's the case, then you didn't answer his question.

Today you reverse course again. It's not purely a charting technique, it requires lots of instruction. Oh, brother!

People have a hard enough time understanding and employing 'simple' TA. Why do they think learning a more complicated system, one that would require 6 hours to type out, is better? I guess it's human nature to think that more complicated is better. My experience has been that the simple and consistent application of very basic TA leads to higher profits than trying to use too many different indicators.

But, you seem to attract a following wherever you go, so in a way I'd have to say you're successful. But I have no interest in attending your seminars if you can't answer a few very basic questions about your IL/ACT.

No offense. Good luck to you.
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