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To: Tenchusatsu who wrote (166710)	6/20/2002 3:23:00 PM
From: Jim McMannis	Respond to of 186894

RE:"Hindsight is all you have provided" Just give me next weeks lotto numbers, forget the markets. Since we don't know the future then we have to take our best shot using previous data. TA doesn't actually predict anything. It just draws lines in the sand where probabilities are the greatest that changes will occur. In the case of stocks, Using TA, at least you have a chance of seeing major changes in price action. If you buy and hold you are just subject to which way the market wind is blowing at the time. So, you sit at your desk, working your butt off for a great company...while the rest of the worlds screw ups help take it out with the tide. Sure, it's disillusioning...but you are young, smart, hopefully have your health...can likely get a job anytime...so you learn some TA...or better yet, just emphasize the finer things in life and be happy. Jim

To: Tenchusatsu who wrote (166710)	6/20/2002 4:03:12 PM
From: Alan Smithee	Read Replies (3) \| Respond to of 186894

Hindsight is all you have provided ... dude. Well, sorry about that. All TA and FA is nothing more than trying to predict the future based on past events. Here's some forward looking advice: 1) INTC is in a downtrend, has been since January of this year. Take a new position or add at your risk. 2) INTC is on a sell. There might tradeable bounces, but I wouldn't be inclined to initiate any long-term positions until the trend has turned. 3) I sure wouldn't be inclined to go long until I've seen a print of 21. I'll make a reminder to myself to revisit this thread in a month and we'll see how things have turned out. K?