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To: Little Engine who wrote (481)	10/10/2000 11:52:58 AM
From: Mama Bear	Respond to of 8925

"If you could show me five stocks that should definitely be up by the end of next week, and five that should definitely be down" If that's what you expect, then you are correct that TA doesn't work. Of course, that's not its intended use. Your expectation is sort of like expecting your automobile to fly, and then saying it doesn't work because you can't get it off the ground. Regards, Barb

To: Little Engine who wrote (481)	10/10/2000 12:02:28 PM
From: iod_sherwood	Respond to of 8925

If you're trading the markets, at any given instant, it's like a statistics function. There is an Expectation. Things can go up/down/flat every second, and that's generally what they do... throw in all the external factors..etc..etc.. economic numbers..etc..etc.. What TA serves to do is a tool to better your overall analysis about direction and help you manage/trade your capital in the goal of increasing it. It gives you a methodical approach to trading, and allows you to setup a system. That's the premise of all work/business. You setup a process, if you succeed, you'll keep the good, improve on the bad and continue learning/training..etc..etc.. be the best you can be..etc... If your process/training sucks. Then obviously you'll have to re-assess your business plan per se... That sort of thing. Technical Analysis is not about saying this stock is going to go up for sure right at this price because it just did this, that candle showed up and this MA was crossed. T.A. is about here is the support level, the resistance is here, overhead is here, the trend is moving up/(down for shorts) and looks like a good entry. Cheers. ;)

To: Little Engine who wrote (481)	10/10/2000 1:44:37 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 8925

LE actually..we'd all be millionaires if we knew that<G>... we can only make educated guesses on anything we trade by using TA... it;s FA that screws everyone up all the time..they think because of the co's FA it's protected??? NOT!!!!!!!!! no garunnntees!!!!!..but there's no way to trade the markets without TA..NONE.. unless you wanna throw darts?? and that works too....<g> regards OJ

To: Little Engine who wrote (481)	10/10/2000 5:32:45 PM
From: dli	Read Replies (1) \| Respond to of 8925

TA does not enable you to predict anything with certainty, but what it does allow you to do is to attach probabilities to potential outcomes. So if applied correctly a TA based trading method will have a positive expectation over the long run and thus be profitable. Dave

To: Little Engine who wrote (481)	10/11/2000 12:04:22 AM
From: Teresa Lo	Respond to of 8925

Does TA work?: "...I'm hoping to see some proof that it works. Forward proof, not hindsight. If you could show me five stocks that should definitely be up by the end of next week, and five that should definitely be down, I might buy into it..." If they had next week's newspaper, would they share it with you? If you think TA does not work, why not leave it at that, and think how great is it that so many people will lose in the market, so that you can win? That makes more sense to me. When I see people do things in the market that I know will lose them money, I don't say anything, because it's not my job. I don't ask them for proof that their method works. I just think to myself, good grief, but thank my lucky stars that there are people who will take the other side of my trades...because by definition, a trade can only take place if there are two parties who disagree about the price that something will be in the future. Teresa