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To: Doren who wrote (154927)6/6/2013 11:12:08 AM
From: Ryan Bartholomew  Respond to of 213182
 
Our local TA man has been amazingly accurate.
Take any thousand investors - regardless if they use FA, TA, darts, or anything else - and you'll naturally have a few with good track records. Even a pool of coin-flippers would yield the same.

TA has its place in describing short-term psychology, but it is vastly trumped by earnings, as the reason you own an equity is for the return. Ask yourself: Even with the most bullish possible technical indicators (whatever you consider that to be), would a company with falling profits and prospects still climb in value?