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Strategies & Market Trends : Charts With An Attitude; Trading In & Out
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To: Rashid Garuba who wrote (4505)1/12/1998 1:27:00 PM
From: Doug R  Read Replies (1) of 4701
 
Rashid,

" I suppose the rule here is TA is based on the behaviour of crowds and crowds behave consistently. Therefore, if a stock doesn't respond to TA, it is being controlled by a few, rather than a crowd. Always learning."

Since you mentioned learning I would like to announce that the next TA seminar in Myrtle Beach SC is now set up. Essential details are here:

Message 3147293

You are correct on NUMX. If there were more than just a few participants one should expect profit taking on some level to occur which would not allow the technical profile to become so extremely and consistently overbought. If I was in the stock at a profit I wouldn't be too perturbed at the circumstances so far but I would proceed with caution.

Doug R
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