To: Alan C. Zezula who wrote (1030 ) 4/3/2000 1:31:00 PM From: Duane L. Olson Read Replies (1) | Respond to
Al, most TA is probabilistic, which means it works for a person some percentage of the time. It seems to work better the more things you are examining; so, if you are looking at an index, it's pretty fair....still pretty good for a sector, like Oil/Oil Service SW, or Semis. It gets less useful for individual stocks -- and is almost useless for the smallest stocks....wish it was better at the precise points -- especially on stocks. Only occasionally does my own TA give me really good, precise points on stocks. Other folks, like E!, or TA-Anon, seem to be able to throw a little something extra into the equation and come up with a higher success ratio. siliconinvestor.com
