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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (25129)	9/8/1999 9:56:00 AM
From: HairBall	Read Replies (2) \| Respond to of 99985

donald: Techinicians are for the shorter-term, not for the long term holders. Thats my feeling based on mathematics. As I have stated, with the long-term outlook the chance use technical analysis is no better than 62%, at best. That is based on "OPEN ENVIRONMENT" studies. As one reduces the time-frame, the OPEN ENVIRONMENT becomes more closed and the probability increases. Could you state the source of that study and provide a link. I just don't buy that statement. There are just too many variables to paint longer-term TA with such a broad brush. Regards, LG

To: donald sew who wrote (25129)	9/8/1999 10:04:00 AM
From: dennis michael patterson	Read Replies (2) \| Respond to of 99985

<<The only problem with that comment is will she be able to time the major one>> Don, come on!! You cannot criticise someone for perhaps being wrong in the future!! That's just speculation. My entire point this am is that the bears-- Fleck, Hickey, Tice, etc--- have been wrong. I have profited handsomly from NOT listening to them. Their arguments have been rigorous and wrong!