Fooledalot: I think your conclusions about COMPAQ's prospects are cogent.
As for TA, I think that it deals with a sub-category of mathematics - namely, statistics. Essentially, it attempts to establish probabilities from a mathematical analysis of the past behaviour of stocks. But the language and style of some of its practitioners gives the impression that it deals not in probabilities, but in certitudes.
In an abstract sense I can accept that it is rational to attempt to refine a system of prediction based on probability, but in real life, there are some many unforseeable variables that can render predictions void, that the effort hardly seems worth it. If those who labour over the esoteric language of TA would just spend the time and effort understanding fundamentals of the economy, the market, the sector and the stock, they might do better. |
