Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 217.60

+1.5%

Dec 5 9:30 AM EST

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To: Mo Chips who wrote (4616)	12/17/1997 5:17:00 PM
From: Sowbug	Read Replies (1) of 19080

<<This kind of analysis is useless. Nothing personal, but it really is. >> If you're criticizing technical analysis, you're criticizing a self-fulfilling prophesy. Traders and institutional investors really do follow trading volume, support, resistance, and all those other invisible forces, and they buy and sell accordingly. You might think it's groundless, but if everyone's doing it, then by definition it's correct. Kind of like that thing about who wins the Super Bowl tells what happens to the market the next Monday. Is it cause? Effect? Both? Who cares, if it works! So it's fine to say the analysis is useless, but not to go one step farther and say that nobody should post that kind of information.

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