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Gold/Mining/Energy : PYNG Technologies

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To: Mark Calp who wrote (2203)5/17/1998 11:46:00 AM
From: Gary H  Read Replies (1) of 8117
 
Mark, I began looking at the markets strictly from a TA point of view with the notion that all the fundamentals will show up in the TA.
I still believe this in large part but have also taken on a broader scope of things in general. I could best describe this with a couple of quote from Jim Dines.
" The two methods are radically different: One studies cause, the other effect. One discusses the probability or potentiality, the other discusses the results." "when cause is unclear, it is only sensible to deduce cause from effect, and that is the methodology of TA. If it too is unclear then both TA and FA should be used."

JD also states; "Since future stock market movements are not totally reliable, and since Technical Indicators do not consider causation, the sane approach to the stock market is to apply a combination of both."

Cheers,
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