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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: BGR who wrote (18493)	3/16/2000 11:12:00 PM
From: RJL	Read Replies (1) \| Respond to of 42523

Are you saying that practically all technical analysis is a waste of time, or strictly the K Wave Theory? "Anyone who tries to predict the future of the market based on past data mining and pattern matching is setting themselves up for a big failure. Period."

To: BGR who wrote (18493)	3/16/2000 11:59:00 PM
From: Ilaine	Read Replies (1) \| Respond to of 42523

Are you listening to yourself?

To: BGR who wrote (18493)	3/17/2000 8:53:00 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 42523

you sound as if there were proof for this...produce it please. i on the other hand can point to numerous occasions in history when markets got ahead of themselves, and the results have always been the same. like Rubin said, it's a choice between 'new era' hype (which always appears just as secular trends are near to reversing, another historical fact), or all of human history. you still refuse to acknowledge the most important variable in the behavior of markets, which is human nature. as mentioned before, it never changes. and that's the reason why past market behavior is useful in drawing conclusions regarding present and future market behavior. your statement otoh, is an article of faith...it illustrates the psychology that predominates near bull market peaks nicely ('the past is not important, because THIS TIME IT'S DIFFERENT' - baloney, the human emotions of greed and fear are still the same).