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Technology Stocks : Apple Inc.

AAPL 278.79

-0.7%

Dec 5 9:30 AM EST

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To: shortlong2 who wrote (8694)	2/23/1998 9:27:00 AM
From: Bill Jackson	Read Replies (1) of 213173

shortlongalso, As they say "TO THE SEA", who are they?, why the lemmings of course. TA is a herd activity. Years ago with newspaper headlines and telex machines spreading a timed wave of information, TA was in it's heyday. A TA guru would write it in the NY times, and thousands would read it and buy/sell and the TA effect would ensue. Now we have so many different gurus on TA with so many means to disseminate the news that it's effect has become diffused. The herd mentality is still there and if you read a TA analysis on SUnday and get ready to act on monday you might just profit, unless the short eat your lunch as they also read the sunday papers. The internet also acts to destroy TA effects as it is an individual and immediate news media and whenever a TA gets on a stock there is another who says the opposite and so you get a muddle of indecision. The whole thing does make for extra day swings to enrich the day traders though. Bill

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