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Non-Tech : The Critical Investing Workshop

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To: AllansAlias who wrote (35185)4/5/2001 4:20:48 AM
From: chic_hearne  Read Replies (1) of 35685
 
Allan, I think you're TA is phenomenal for the short term, meaning intraday bounces. But for more than that, I think TA (not yours, but in general) is becoming useless. It seems like support levels are attacked and destroyed with ease these days. IE, the '94 trendline on SUNW which anyone would think was good for a bounce, but was inhilated quickly. You can apply the same to Crisco, NTAP, JNPR, etc over the past few months (at least at a certain point in time where expected support just was not there).

I know you're a student of history. Is there any kind of data you can use from '29 or the Nikkei to prove or disprove this???? Like if you look at a specific chart for a stock and give your TA like you'd do it now and see what the outcome was??? Just wondering.....

chic
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