To: Steve Robinett who wrote (24142 ) 6/26/1999 7:06:00 PM From: Teresa Lo Read Replies (3) | Respond to of 41369
Well, I personally hope that AOL can test and find a bottom here, just so that I'd finally have some "good news" - and whether it does so on the reverse head and shoulders or does the Trader Vic 2B bottom by making a minor low on low volume, I don't care - I just want to finally "drag myself out of the dark alley and stumble home". If it doesn't hold, there's always that outstanding target on the broken triangle seen on the daily chart - but I already got beaten to death over that one a few weeks back... As for TA being real or not, I don't think it matters because so long as people divine "actionable" signals from it, it will be important. It reminds me of a question I asked my organic chemistry prof in second year - Me - "Sir, why do we need to memorize this 800 page textbook? What if it's a load of bunk? I mean, just because it can explain observable phenomenon we have encountered to date in the organic universe, it doesn't mean it's true." Scottish Prof - "Well, lassie, you are right. We only need to discover one instance that is reproducible that defies the rules in this textbook to invalidate the whole thing, but up until now, no one has done so." Me - "What if these are rules that seem to explain everything but it's just a bunch of theoretical constructs made by the human mind to explain observed phemonena? Just because the rules work to explain things now it could be a complete coincidence that they do and the real truth may be something else all together." Scottish Prof - "Lassie, if the theories in this book aren't the truth, then they are PARALLEL to the truth since they explain everything to date, so even if it's a load of bunk, they still explain the organic universe as we know it and you will have to memorize this textbook by next June." Perhaps TA is a parallel universe...