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Technology Stocks : Data Dimensions
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To: B. Pasternak who wrote (1756)6/16/1997 12:51:00 AM
From: Olu Emuleomo   of 4571
 
B. Pasternak,
You write...
>>Academic studies of technical analysis have indicated
>>that there is no ability to predict future price movements based on
>>past price movements (for example, see " random walk down wall street").
>>
I know for a fact that the academicians are wrong.
You can reasonably predict future price movements from its past movement.
It is not 100% but its surely better than chance.

--Olu E.
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