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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Chuzzlewit who wrote (4795)	12/11/1997 7:50:00 AM
From: Thean	Read Replies (2) \| Respond to of 95453

<TA question> Paul, could it be that your call for TA being useless is a bit too rigid in scope? I'm one who thinks TA is useful because I use Stochastics, BB and some other TA tools to convince myself to get out of the drillers at their two tops before they slided big time (Jan and early Nov). Honestly FA comes into play a little but my decision was very heavily influenced by what I see on the chart pattern then. Now, if we take TA away because it is useless, what do you think can take its place in helping people make decision with some hard numbers? It was quite well established that in early Nov nobody was going to stand in front of a freight train and there was very little, if any, well connected analysts yelling to get out? It was only after the fact that people came out and gave all sorts of explanation. In short, IMO, the big decline, especially its depth, was not anticipated from all forms of analysis except TA. Please give me a good explanation here, and don't tell me TA is unverifiable mathematically (I don't want to get into that discussion and that is not the point I'm asking).

To: Chuzzlewit who wrote (4795)	12/11/1997 11:46:00 AM
From: McNabb Brothers	Read Replies (2) \| Respond to of 95453

Paul, Did you give up on the DELL thread with me on TA? I see you are preaching FA on other threads now! Now do not get me wrong, FA is the only way to go with long term investing, but you better have a good feel for TA if one is going to trade! And remember there are alot of people out there that can trade even if you have not been succussful with it! Hank