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To: Ian@SI who wrote (1750)	9/15/1999 11:54:00 AM
From: tejek	Read Replies (1) \| Respond to of 3661

RE <<<I just rank TA right up there with economic forecasts from Ed Yardeni based upon his Y2K outlook. No that's completely unfair. TA is much better than that. ;-)>>> I don't pick companies based a TA either but I do use it to enter a stock. And for good reason, many of the TA formations like the cup and handle roughly parallel the 12 weeks between earnings reports. And there are times the fundamentals of a stock are great but for some reason they are not good investments...you find that out by looking at the charts. Case in point, FGI, an oil stock that has excellent fundamentals (IBD gives it a 98 EPS)and is in a sector that is doing well but is stuck in a trading range. If you went on its fundamentals and on market conditions, it looks like a great buy. However TA says differently. Just another opinion. Hope you are doing well. ted