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Gold/Mining/Energy : Manhattan Minerals (MAN.T) -- Ignore unavailable to you. Want to Upgrade?

To: Not_Active who wrote (3130)	7/14/1999 11:22:00 AM
From: Jeff Dickson	Respond to of 4504

Hi Kacy, Those are pretty much my thoughts. I do have trouble with extending TA back a few years on Manhattan though, for a ton of reasons. I suspect that the non-stochastic element is met in a large cap because the variance of the random walk is reduced by the volume. That also cleans up the data, essentially performing outlier removal, and you never have to worry about whacky short movement up or down. The fact that those type of things impact your predictions is why I was wondering if you choose to ignore them. I do, because the one benefit of low volume is that you actually have a good chance of extracting the information that's in the trades. You wouldn't have a chance to do that in Intel for example, already at 20 million shares. >However, when surprise earnings come out or some deal hits the company, you will hear TA types talk about how the chart is wrecked (as opposed to being a wreck, Howy!). < I hear a train.