lbs, >>>you are in way over your head.<<<
IMO, Todtman's suggestion that an analysis of data from the past ten years could somehow predict Intel's future is at best an exercise in futility. At its worst, it is deception.
I have read somewhere (I don't recall where - but I have kept notes) that technical analysis " seem to say that mass psychology tends to reflect itself in patterns which repeat themselves, so that it might be possible to predict future prices based on past trends."
There are, I believe , studies that, have conclusively proven that : 'The correlation of past price movements with present and future price movements turns out to be near zero. Any dependencies are so small that anyone who pays commissions cannot hope to profit from them. "
I have not seen these studies myself, but it sounds so intuitively obvious to me that I don't feel compelled to research it much further. If positive correlations did exist, they would have to be kept a secret - or else, the correlations would disappear.
Regards,
Mary Cluney
BTW, I don't think you should be giving any stock advise. That is only my humble opinion. |
