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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: sean sanders who wrote (2669)7/17/1997 1:41:00 PM
From: Chris   of 42787
 
Sean (some other comments)

When TA is mentioned on any thread, there is always a "rush" to conclusion that it doesn't work. I don't know why they feel that way? My finance summer school teacher was talking about stocks and said "yeah, there are these TA people that can predict stock movements by drawing lines." Grrr. I was so mad, but was too tired to say anything.

I admit when crowd psychology "en masse" comes into play (eg. intc and msft), then TA effieciency is reduced. But, i've seen many instances where support and resistance and trendlines (just the basics) are SO effective.

But it's good to see MORE people willing to learn TA. If you notice the "hot subjects list", I've seen more TA-related topics pop up and be successful. Is that a sign that TA is seen as a "useful tool" by others? Are people beginning to "see the things" from a different and new perspecitve?

I'm not sure of course.

========================
Personally, I've found my 'niche" in big name stocks. I feel more comfortable and like the "larger amts. of exposure/talk" on the threads. For example, even with INTC tanking 12%, there is a sense of confidence that "oh.. it's intel".

Is that a right way of seeing things?

comments/discussion anyone?

Chris
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