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To: At_The_Ask who wrote (148169)	2/3/2002 11:59:12 PM
From: GraceZ	Read Replies (2) \| Respond to of 436258

People gain in excess of the indices all the time, I did myself for the first 13 years of my investing career when I knew a tenth of what I know now. Examine how the "market mavens" do this. You think they do it by "timing the market" or making short term guesses in terms of where stocks are going on a five minute chart? For the most part Peter Lynch out performed the market indices for years and years with a monster fund by mercilessly selling his losers and steadfastly holding as well as buying on the way up on his winners. I don't think there was a stock in the indices the guy didn't own at one time.

To: At_The_Ask who wrote (148169)	2/4/2002 12:13:21 AM
From: GraceZ	Read Replies (1) \| Respond to of 436258

Human behaviour, which dictates price, is controlled by emotions of fear and greed which is predictable, and the effects of those emotions on price can be veiwed in a chart. The most you can ever know is what people are doing, not what they are going to do. But a chart of price doesn't contain enough information to even know what people are doing. If you assume that emotions are made graphic in a stock chart you'd have to come to the conclusion that selling makes price go down and buying makes price go up. I can show you a ton of evidence to the contrary.