To: clean86 who wrote (11418 ) 5/23/2000 10:13:00 PM From: Don Hess Read Replies (3) | Respond to of 60323
Thread: I hope all of you of the technical analysis and/or probability analysis and/and bullshit analysis religions have now had your fill and will soon shut up. Tecnical analysis as a prediction of stock valuation is snake oil with a slide rule and nothing more. For days and weeks you have crooned about finding the bottom, today you had a vision: a gap was covered!! (oh, my, oh, my!!!) and I am sure that just when the upswing that your cave drawings saw as "significant" was quickly erased by unexpected selling pressure, you somehow, mathematically and fundamentally erased that gaffe by finding yet another little bump in a sine wave that foretold the event that was to be but wasn't. How predictable, how obvious, how passe. Only a moron would have bought at 51 3/8ths when we knew, from serious study of meaningless trends, that the bid would move to 54 and then sink to 48. You'd have to be some kind of idiot to think that SanDisk was a steal at $50, when a significant numerological analysis of trends saw a gap in January, followed by a murder of crows flying north, en masse, at dusk, on St. Swithin's Day. Please, at least put some kind of disclaimer in your posts that the "scientific" analysis that you put forth is for entertainment purposes only, and that the kiddos who read your posts should not try this at home. I think we can stomach the nonsense if it presented as humorous filler material; however, if presented as "fact" it is laughable on its face. And we who have serious money at stake find little humor in lame attempts to foresee the future via squiggly lines and unproven theories. - Don