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Technology Stocks : LSI Corporation -- Ignore unavailable to you. Want to Upgrade?

To: E. Graphs who wrote (20405)	10/24/1999 1:03:00 AM
From: The Verve	Respond to of 25814

E...Bob Brogan sure seems to be a guy who knows his stuff in the TA arena. I sure learned a lot and now plan on keeping TA in the back of my mind before making investment decisions. Glad you liked it. He's got another one for 10/20/99 at the same link. You're right, one canNOT rely exclusively on TA. It seems to me that TA can be a decent 'predictor' on where things are headed during the period where no new news is out to influence the stock price or the market as a whole is sorta trading in a range. When an external 'event' occurs, all bets are off. Take LSI just a month ago. Trading in the upper 50's (and had built somewhat of a base at that level). I'll bet you the 'chart' showed a strong stock technically. Then the external events of a quake and nuclear disaster happened and the stock promptly tanked. Yeah, I'm sure the chart didn't see that coming nor did it predict it. Then again, there are a lot of traders that live and die by their charts. I just want to learn more cause I'm sorta fascinated by it all. As far as the A/D chart, is the reason you feel the chart has bottomed because of the M formation? Ron