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Strategies & Market Trends : Asia Forum
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To: Paul Berliner who wrote (8440)3/25/1999 4:30:00 PM
From: nihil  Read Replies (1) of 9980
 
I agree that TA is important, I just said it can't predict anything. If it could, practitioners would have all of the money. Check out window dressing for any recent Nikkei jumps.
If charts look different in Tokyo and New York, the viewers could make more money if they would take another look. Who ever heard of an institution studying anything? No doubt I have a lot to learn, but isn't it marvelous that TA cannot see farther than 15 minutes ahead (thus one can sometimes make a living as a scalper, but no successful scalper holds a position overnight.) If trends cannot be counted on to hold for 17.5 hours I'd be careful to trade mid-term only on powerfully defined fundamentals.
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