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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Thean who wrote (16213)3/23/1998 8:38:00 PM
From: HH  Read Replies (2) of 95453
 
Thean, You raise some very compelling thoughts in your
post. The first, re: TA is great. I, dont practice it
with any sophistication as I dont put much faith
in any system that discounts fundamentals. And I find
it amusing that when you look at at a chart in retro,
it all looks like a plan. I think it is a mistake ,
however to discard the essence of what TA is after;
the quantification of the collective vote-de-jour.
I think Paul's vocal objection to TA is an academic
cop-out.(Excuse me Paul but you have been vocal)
Paul's objection has been the statistical non-correlation.
Definitely a strong argument but it is similar to
the statistical non-correlation of tobacco and cancer.

The second point relates to Oil prices and OPEC.
(Gotta go eat dinner so This is quick)
Oil prices will remain viable because it has to.
Imagine a world with no oil industry.......

bon appetit

HH
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