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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Cheeky Kid who wrote (33565)	5/15/2000 1:16:00 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 63513

I think that Wxbusboy said it best. It is the interpretation of the charts that matters. Some TA methods offer a greater flexibility in the interpretation. Another thing is that each individual may be a bear or a bull based on fundamentals and then choose a TA method that tends to support our beliefs. If one finds oneself to always be bearish or always bullish. No amount of TA will sway this. On this thread, you will find a predominantly bullish bias, however, we have all gone to the dark side at one time or another (talking about the piffers here) and most of the time in a very timely manner. I am not trying to convince you to use TA. Ulitimately FA will win. But I assure you that even FA is open to interpretation. How can some people be bearish on CSCO after analyzing the fundamentals, when others can be rabidly bullish? (the answer is: Because the bears are boneheads and the CSCO bulls are enlightened beings).

To: Cheeky Kid who wrote (33565)	5/15/2000 1:19:00 PM
From: Atin	Read Replies (1) \| Respond to of 63513

TA isn't one thing -- it is analysis, just like any other kind of analysis, it is open to interpretation. Even fundamentals can be read differently by different people, otherwise every analyst out there would have exactly the same rating on every stock out there. Same idea. Use both, use what you are comfortable with, use what makes you money. TA has made a lot of people money -- using only fundamentals would have kept you out of one of the most fun bull markets we've hit in history because everything has been considered overvalued by the most rabid fundamental analysts. Use what works for you. It is a market, markets have buyers and sellers, measuring and predicting buying and selling is what technical analysis is about. Even the astrology factor would get taken into account if you're measuring buying and selling if the practitioners are significant enough! -Atin