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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF
COMS 0.001300.0%Nov 7 11:47 AM EST

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To: Laptev who wrote (13718)3/13/1998 5:16:00 PM
From: Jeffery E. Forrest  Read Replies (1) of 22053
 
I'm shocked how defensive you are about your TA trading system!
I'm not defensive about Technical Analysis in the slightest. I KNOW what works. As I stated originally, TA allowed me to short CPQ for a quick 15% return .
(I woulda made more, BUT I chickened out, followed my emotions instead of my charts, and bailed out early even though my charts told me to stay in.)

I AM defensive when someone who I have NEVER MET before comes into my neighborhood and disparages the way I make my living.

TA "investing" is simply an attempt to use charts to measure inside/illegal trading based on information that you are not privy to.
Absolute NONSENSE. That is an idiotic statement ma'am. Is that what they're trying to teach you on the Motley Fool these days? They don't call them fools for nothing I guess.

TA is a TOOL that shows where you've been and anticipates where you're going.
If it is anything, it is a measure of investor psychology.

I wouldn't travel in a strange place without a roadmap and I will not play the market without a roadmap (charts)
It's very similar to tracking an animal. TA allows me to "track" the big game and anticipate it's movement.

It's not 100%, nothing is, but it allows me a HUGE advantage over someone that doesn't know how to read a chart.

The only folks that dispute the functionality of TA are those that haven't taken the time to figure it out or aren't bright enough to understand it.
The fact is that EVERYBODY uses TA to some extent. (Have you ever looked at a stocks volume? You just did some TA)

my lucky charms comment was meant to be tongue in cheek
Hmmm, seemed more like a head in ass to me.
What a lying sack of shinola you are. I'm not sure WHAT your intent is, but it's obvious in the tone of BOTH your posts that your remarks were NOT meant in fun.

Bottom line- I had a 40% return on my money THIS WEEK using TA. How did YOU do LapDOG?
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