Richard Ney and the Wall Street Gang Message Board

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Pastimes : Richard Ney and the Wall Street Gang

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To: ccryder who wrote (50)	12/14/1997 9:32:00 PM
From: BenYeung	Read Replies (1) of 492

It is next to impossible to think of the stock market as a control system or machine. The market does not perform efficiently due to HUMAN GREED. I mean, we have all seen stocks that has gone down 40-60% at the opening due to some sort of bad news. A truly efficient market that conforms to supply/demand do not act that way. Thats the reason I can care less about those technical analysis. You cant put technical analysis on something that is human-controlled. Ney's charting techniques, however, also conform to the technical analysis. I dont completely rely on those charts. The charts that I pay the most attention to are the intraday charts. You can almost know the direction of the market by the action on the Dow. You can also tell a lot about YOUR STOCKS using intraday charts. I supposed that using Ney's wisdom PLUS a good fundamental company AND ignoring the biased news of Wall Street are the basis to invest. I did not get your email... Send it again to billaben@aol.com

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