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Technology Stocks : Network Appliance
NTAP 111.56+2.1%Nov 28 9:30 AM EST
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To: DownSouth who wrote (5282)11/21/2000 12:46:43 PM
From: kas1  Read Replies (1) of 10934
 
Make a prediction. Hard numbers. Hard dates. Isn't that what TA is about?

I think the charts indicate that the stock could go up from here, unless it goes down, unless it stays here to "find a base."

In all my years reading SI, I've never seen a TA'er make a prediction that excludes something -- i.e. is not tautological.

BTW, over the weekend I finally got around to reading "Where Are the Customers' Yachts?" and highly recommend it. It's one of those books that everyone knows about, but few have actually read. The author saw thru TA even in 1940. Since you're a Malkiel fan, you may want to pick it up if you haven't already. The conclusions are the same as Malkiel's, but the writing is less analytical and much funnier.

Disclaimer: Although I believe TA has no predictive power for me, I have nothing against anyone else using it in their own portfolio. So please don't be offended by this post (or reply in anger) if TA works for you.
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