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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (85698)	5/23/2002 4:20:12 AM
From: E. Charters	Read Replies (1) \| Respond to of 116753

Fundamentals analysis is just another form of TA! How so? Well in doing fundamentals you establish patterns that related to reasons stocks go up. Management, earnings, PE, all relating to supposed non discounted features of a stock. In other words, under-valuedness. The only really valuable feature of this is the probability that the sector or marketshare of the stock will realize an increase -- in a trend of its value increase in a "bull" product and share market. In other words, others will realize this too. Predicting this trend, arguing that it is reflected in the share price and volume is what you do with TA. Arguing that the market is stupid and did not see or discount the fundamentals is luducrous. The info is there. Where TA is undeniable is with underperformers that undergo time to time positive changes such as exploration and development companies. Their volume and price when changes happen will reflect a new direction for the company. Scanning the market with historical database analysis and simple trend finders such as on-balance volume can pull out these once-in-a-while movers early enough in their promotion. This is so called bottom-feeding. One such system that I observed do this for 5 years, is canadianmarketwatch.com It works and coupled with a bit of fundamental surety is a good stock picker. EC<:-}