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Politics : High Tolerance Plasticity

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To: MetalTrader who wrote (7531)	9/7/2001 7:36:52 PM
From: chowder	Read Replies (1) of 23153

Hi MT! I'd like to see a system in place that gives a more accurate picture of a company's earnings. Too many games being played with the balance sheet for people like me who have a difficult time trying to interpret the mumbo jumbo. I've also seen many disagreements among people who know how to read a balance sheet, as to what the damn thing is saying. The advantage to TA for me is you can't hide volume. You can't hide whether the price is going up or down. You can misinterpret the psychology behind the numbers, but a trend is a trend, is a trend. Even Peter Lynch, that great fundamentalist, admits he looked at the charts to gauge the direction (trend) in which the stock was headed. In an age where perception seems to mean everything, it'd be nice to know exactly what a company earned or didn't earn. I tried pro-forma with my check book. It didn't work! At least the chart showed the correct trend, indicating the direction of the funds enclosed in said account. dabum

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