Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: Andrew Hui who wrote (322)	10/24/1996 11:40:00 AM
From: Philip H. Lee	of 18263

Andrew, >> A chart is like an inkblot, you see what you want to see. Patterns will become obvious only after it has happened and you can no longer do anything about it. Then and only then people jump up and down claiming they were right and that they "knew" that whatever happened would happen and admit that they SHOULD have done something about it...<< Exactly right! People also look for trendlines which have been successfully tested for the last 3-4 times, but the next test is random. It can take people years to finally understand this concept. Investing on technical analysis - I'm talking about things like trendlines, pennants, oscillators, and divergences - is appealing since you don't have to do any research. However, it doesn't provide much of an edge. Philip

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