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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 258.71

+2.0%

2:44 PM EST

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To: Monty Lenard who wrote (10850)	9/29/2000 11:54:34 PM
From: dougSF30	Read Replies (1) of 275872

Re: "The validity of Technical Analysis can only be proven to oneself if it is accepted first, then its truth proven from within itself." Surely this is some sort of bad joke? That would put TA on the same footing as, say, religious faith, and we all know how rational that is. If TA theories have no reduction to rigorous, verifiable predicitive models, they are useless. That doesn't mean they have to be 100% predictive... and in fact, I'd guess there is some small amount of signal to be gleaned from certain TA techniques, but the noise from (1) random fluctuations, and (2) fundamental influences makes it difficult to do much with with it. But this after the fact shapes-in-the-clouds type stuff (e.g. "that was a W-formation with a broken shoulder, see?") is silly. Call 1-900-TAROT-CARD instead, and save yourself the trouble. Doug

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