Bill Wexler's Profits of DOOM Message Board

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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: clochard who wrote (281)	3/8/1998 10:48:00 PM
From: Jim Roof	Read Replies (2) of 4634

First, you did not start this thread and therefore have no right to claim authority to control it. Second, whether you like it or not, no stock moves up or down APART from technicals. Supply and demand, buy or sell, accumulate or distribute - these are not things of which fundamental analysis has any say in. Fundamentals are the gasoline and technicals are the engine. I have yet to see anyone try to hitch a ride on a 2 gallon tank of hi-test. When someone presses me for a reason for why I might remain optimistic about an issue that has taken a beating I would be less than honest if I did not mention what is arguably the most potent force in the markets. Now, this does not mean that every move is predictable. In fact even the most trustworthy chart patterns have about 75-80% success. Others simply point to a slight predisposition. TA is valid for all stocks regardless of their valuation because the two primal forces in technical analysis (hope for gain and fear of loss) work in the trading of every stock of every valuation and every commodity under any and all circumstances. If you do not wish to learn anything about TA then ignore posts that address these issues. If you are offended and think that TA is for the birds then just let us sing our little songs. Jim

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