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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Nadine Carroll who wrote (101410)5/11/2001 6:30:41 AM
From: Earlie  Read Replies (1) of 436258
 
Nadine:

I prefer the "goat entrails" comparison.... (closer genetically to sheep). (g)

To be serious for a moment, I actually am delighted that so large a percentage of the market's participants are chartists (When most are following a particular strategy or approach, it is usually the wrong thing to be doing). (g)
Additionally, while I think charts are little more than an extension of "trend following" (and "trends continue until they don't"), I still pay attention to them, as the huge number of folks who believe in them can drive stocks rather wickedly for periods of time.

Best, Earlie
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