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To: Don Westermeyer who wrote (3699)12/5/1997 9:11:00 PM
From: Mama Bear  Read Replies (1) | Respond to of 27307
 
>>>I wasn't being critical of TA <<<

I didn't mean to imply that you were. I was just trying to say that 55 was a widely accepted inflection point. I've seen posts on Rogers and a couple of place on AOL that agreed. It was also fairly obvious from my read of the chart. Here's a question: Did the TA identify, or cause the run? I'll tell you the truth, I really had the heart pounding when I saw that 55 1/16 ask. It's when I hit the phone to buy. I know for a fact that I wasn't alone.

>>>I just don't use it or try to time the market (well, not too much at least).<<<

Personally, I wouldn't think of taking a position without being familiar with both the fundamentals and the TA. There are people who are still short from the 20s because they won't look at a chart. But to each his own.

Barb!