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Pastimes : Ask da_cheif -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (6349)	10/23/2001 9:47:56 AM
From: Moominoid	Read Replies (1) \| Respond to of 8150

I disagree, macro-economic theory for example may be useful for explaining the aggregate behavior of an economy and in some versions may be very different from the micro-economic theory that applies to choice on a small-scale. Now, economists are looking for the micro-foundations of macro-theory but some simple relations can be a useful way of describing the macro-economy in a different mode to micro-market description. Or in natural sciences, processes that are active at the small scale, say in a wave, or sand-dune, or in a single river valley are related to but are different to what is useful for studying continental scale plate tectonics, or major ocean currents etc. The same could apply in technical analysis.