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To: Biomaven who wrote (117868)	2/6/2014 12:10:56 PM
From: bruwin	Read Replies (1) \| Respond to of 118717

Here's an extract from a previous post of mine (#117614) which expresses my opinion on the subject .... ------------ "I'd say one has to consider how a T.A. Indicator is formulated and what goes into that formulation. Behind every Indicator is a mathematical formula which is fed Historical data resulting in a graph of some sort. And the data for virtually every Indicator is sourced from PRICE and TIME, and sometimes you may have VOLUME. If, for example, you use Metastocks and you go to the Data table that you would refresh every day, you will see that the table, to the best of my knowledge, consists of PRICE and TIME and VOLUME(?) data. So all that you can expect to be shown from that mathematical formula is the interaction that took place between buyers and sellers at particular times, in the past, i.e. Historical Data, because that's all that the input data is about. You will not be able to derive any information about the Financial Fundamentals of a company. And one of the reasons that proponents of T.A. put reliance on Indicators is because of the "Efficient Market Theory". That theory assumes that the "total market" has taken everything that can be taken into account about a stock, etc.., so therefore all that needs to be considered is what is the result of the interaction between buyers and sellers. And that, they assume, comes from the various plot combinations of the various mathematical formulae behind T.A. Indicators. Personally, the way I see it is if you put T.A. before F.A. (Fundamental Analysis) it's like putting the cart before the horse. I prefer to first take the F.A. of a company into account and if that shows evidence of a well run, profitable company then I may look at T.A. to see if "the market" is showing legitimate enthusiasm and support for that stock. Warren Buffett, the most successful investor the world has known (to date), and his business partner, Charlie Munger, have never used T.A. They also have no regard, whatsoever, for the "Efficient Market Theory". In fact they have often taken advantage of the In-efficiences of the stock market. As Buffett has stated, "I'd be a bum on the street with a tin cup if the markets were always efficient".

To: Biomaven who wrote (117868)	2/6/2014 12:51:11 PM
From: Steve Felix	Respond to of 118717

Have a great time. There is a lot of pontificating with no substance here. In Texas I think it is said: All hat, no cattle.

To: Biomaven who wrote (117868)	3/2/2014 10:26:29 PM
From: Davy Crockett	Read Replies (1) \| Respond to of 118717

Not true. How do you explain these post(s) of mine, that was posted in REALTIME back then, which stated a bottom was in for the 2nd worst Bear Market of all time? Here's the link. siliconinvestor.com What do you say about that? Did I get lucky? Was it a guess? I don't think so. I'm a TA guy, and I live & die on the sword of technical analysis. So.... if I got lucky. How did I get lucky posting what I posted on March 6, 2009? I mean there are 365 days in a year and 100 years (more or less <ggg>) to a century. So how do you explain it???? Just so you know, I don't consider myself to be (in your words) an amateur. Instead of warring against each other, don't you think that we would be better off if we could pool our resources? After all, you seem to be an intelligent person, the more computing power that we can put to this equation - will better us all financially IMHO? Don't you think? All FWIW only.