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To: AllansAlias who wrote (74674)	3/2/2001 2:48:42 PM
From: chic_hearne	Read Replies (1) \| Respond to of 436258

I do not think FA ever overrrides TA. Rarely do I think the inverse either. Let me clarify, I see a lot of talk that now is the time to go long because we bounce off the trendline. That view ignores the FA which I think is stronger now because the bulls are just starting to come around to the fact that we aren't going to see a rapid recovery [and they are currently very bullish which will change shortly]. JMHO First of all, we'd have to agree on what TA is. For me, it's a helluva lot less complicated than for most other TA-types. I don't know if that is better or not. Works OK for me is all I know. I'd say your best TA [and anyone else that's good at it] is the short term, meaning minutes to maybe a day or two. As you've said before, there's only two worthwhile predictions, those in the range of hours and the long term. I'm taking a shot in the dark middle prediction that the '90 trendline busts soon, like within a month. That said, however anyone is trading depends more upon recognizing the longer term trend and enduring the setbacks. In the bull run, they thought they were brilliant because they had the best FA or TA. The truth was any style was right as long as you were long. It's the same with the bear run. I shorted Crisco at 70, 52, 45, 44, 42, 38, 35 (roughly, I'm not looking up the trades) based off FA and a mix of gut feel and TA for entries, and still hold all those shares. There were many times the TA dictated covering, but I couldn't envision a bounce I couldn't handle. This doesn't mean my style is better than those using TA. It just means I was betting down and that was the right thing to be doing the last year. And now I think is the time to be still betting down.