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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Berk who wrote (2490)	8/17/2002 9:43:54 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

Hi Dick, It has always been my intention to learn some TA much more in depth than I currently do. Because I have always considered myself an investor and not a trader, I never really felt it necessary to understand the "voodoo" art. I have always said that using historical price to attempt to forecast future prices is the equivalent to using last weeks weather to see if it will rain tomorrow; not very logical. I stand by that comparison even now. However, there is one big(HUGE) difference between the two. If enough traders who follow TA trade using it and sell when a stock breaks a moving average simply because it has broken that trend line, they can essentially forecast tomorrows weather as rain. I have only really had this lesson hammered home to me during the past 27 brutal months of being an investor. Regards, Brian