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To: Robert Scott Diver who wrote (24337)	12/5/1997 7:01:00 PM
From: Meathead	Respond to of 176387

I poke fun at TA. I don't totally discount it because I've been a student for quite a while. I perform TA all the time but don't base investment decisions on it. I do it for fun now because I don't believe in short term trading in and out of stocks based on mathematical manipulations of 5 variables (open, high, low, close, vol). But, if you are a trader, proper TA (which takes years to master) can improve the odds of a succesful trade if for no other reason than every other trader is acting on the same indicators. You're right about that. Trading satisfies the basic human trait of impatience whereas investing requires something most of us lack... patience. I've found that diligent FA to ferrit out quality stocks with long term potential coupled with vigilant monitoring of those fundamentals yields superior long term results. I base this on 10 years of my own detailed studies, simulations, statistical analysis and good ol trial and error of which I've gone to great lengths to quantify. I also listen to the pro's who've been at it far longer than I have, who do it for a living, who have been humbled many times, when the say don't try and time the market. They can't, I can't, only those who have been at it for a couple of years believe they consistently can. Don't get me wrong, there are lots of trading strategies that will yield profits consistently most of the time. The problem is the sheer volume of trades needed to make any real money. Good luck with your trading.. MEATHEAD