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To: GraceZ who wrote (148180)2/4/2002 12:53:07 AM
From: At_The_Ask  Read Replies (1) | Respond to of 436258
 
Grace the name of the theory "Random Walk" comes from the the point that the theory itself makes that prices are completely random and therefore unpredictable. They attempt to debunk the ability of both technical and fundamental analysts ability to predict price movements. Is that not the basis of the entire concept?
If not then please enlighten me.



To: GraceZ who wrote (148180)2/4/2002 5:20:28 AM
From: LLCF  Read Replies (1) | Respond to of 436258
 
<The giant gaping flaw in that theory is that there are many people who have made a living by consistently beating the market. >

I agree with this statement actually... especially in the market over the past 10 years with all the money sloshing around. Now, perhaps if folks are stupid enough to keep doing the same thing when it all drys up they'd lose it all back I don't know.... but the folks I know, know better.
NFG

DAK


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