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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: stan_hughes who wrote (33786)	5/16/2001 12:15:58 PM
From: iowamann, Spam Queen	Read Replies (1) \| Respond to of 100058

Stan, I know we basically agree on many things. I guess I badger TA because so many TA'ers say news and fundamentals don't affect the market, that everything they need to know is in the charts. Which is absurd. TA is a good source that includes all those FA things for the moment, but if a person is aware of an external event that could affect the market, they better pay attention to it if they trade short term. Also, drbob, issued a "hypothetical" sell signal. Long term that is probably valid, but I'm sure glad I didn't short the dow yesterday or QQQ for that matter. To me both TA and FA are tools. I think a trader should incorporate both and contrary to many experts even add a pinch of gut feeling. And there are times when the tools will fail. And because they do fail on occassion, one should be careful not to become a blind zealot of any particular tool. Also, one should not get stuck on the market going in one direction and take advantage of it which ever direction it is going.