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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: marc chatman who wrote (32900)12/16/1998 12:14:00 PM
From: Jacques Tootight  Read Replies (1) of 95453
 
Please advise if TA takes into consideration war, weather, worried presidents, whacky dictators, wishful oil sheiks, woeful economies, wasscaley (sp) production cheaters, way too much or way too little oil?

While the above question is a little lighthearted, the intent is not. I'm certainly not wise in the ways of TA and simply wonder how it can be applied to commodities with any degree of accuracy. Especially this commodity. The spikes (up or down) caused by outside influences must be reflected in the charts, but there's nothing technical about those influences. I can see how TA can be useful with most other sectors, but how it can be accurate in this one mystifies me. Your explanation is most appreciated.

RC

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