MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: exeric2 who wrote (80706)	7/22/2001 8:10:11 AM
From: HairBall	Read Replies (2) of 99985

exeric2: the more a rule is respected regarding a chart pattern (or any other thing in the market)the less predictive power there is. Actually I don't know how you can make that statement. The fast majority of individual investors will never be well versed enough in technical analysis to make that happen. In comparison to the vast majority of individual investors a few folks trading the markets have become well versed in technical analysis. However, as evidence on SI, many of those that have been exposed to it, have studied it and spend the money to have the tools continue to struggle with getting it right. I have found, the more things change the more they stay the same. In the end it always boils down to discerning the big boyz intent and individual investor sentiment, whether you use technical analysis, fundamental analysis, sentiment analysis, astrology, numerology, any combination of the above or just resort to dialing Ms Cleo "piss poor fake Jamaican accented" tarot card read...<g> Regards, LG

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