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Technology Stocks : THQ,Inc. (THQI)
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To: Raymond James Norris who wrote (13148)2/10/2000 9:13:00 AM
From: Zirdu  Read Replies (2) of 14266
 
Norris, you say: <<First, TA is *not* a predictor of anything: either in the short or long term. . . . TA doesn't predict anything.>>

Then what good is it?? If TA can't help to predict the future course of a stock's price, then it is nothing more than an academic exercise in ancient history. I don't care to know every nuance of how and why a stock did what it did in the past, if that knowledge of the past action is "not a predictor of anything, either in the short or long term." I have never heard any TA advocate state the case against the utility of TA so forcefully! This is exactly what the academic studies say: TA is not a predictor of anything either in the short or long term.
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