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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-18.8%

Nov 7 11:47 AM EST

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To: Will Hou who wrote (20390)	8/11/1998 11:28:00 AM
From: joe	Read Replies (1) of 45548

>>William, yes I am on the sideline as you can tell. Joe, my short term view, like all short term views, are mostly based on TA (TA can be viewed as voodoo easily if you fall in love with it, but if you consider TA as a good indicator to psychological reactions, it could help you). The only non-TA factor short term would be general market conditions, which is one of the factors I mentioned in my previous posts.<< Will, I've heard the criticism of TA is that it's backwards looking and not forwards looking. It mostly just tells you what the market is doing presently and the past. But, it can't help very much in predicting the future. Do you think this is true? (To be fair, I guess, one could say this about any time of analysis.) joe

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