Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Chuzzlewit who wrote (4864)	12/11/1997 4:48:00 PM
From: Broken_Clock	Read Replies (1) of 95453

Paul, how 'bout an analogy? We know weather is unpredictable...So is the market. It will get hot then it will get cold.Stocks will go up then they go down. Therefore why do we read the weather forecasts? Fundamentals say it will snow every winter in Montana and be hot every summer. Isn't TA for weather somewhat usefull? Isn't TA for stocks similar to a thermometer or barometer. It may not be totally accurate but if the barometer goes from 30 to 29 don't set sail!

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