Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Iceberg who wrote (4856)	12/11/1997 4:29:00 PM
From: Chuzzlewit	Respond to of 95453

Ice, your best bet is the Malkiel book for a general discussion. All of the references I gave you discuss it in one sense or another. Remember that TA and random walk are logically inconsistant with one another, so anything that shows that the market follows a random walk argues that TA cannot provide any meaningful information. Look at chapter 6 in Malkiel, and he gives a bunch of references at the end of the book that speak to specific T/A techniques. Regards, Paul

To: Iceberg who wrote (4856)	12/11/1997 4:37:00 PM
From: drsvelte	Respond to of 95453

Ice: Chapter Six in the Malkiel book is devoted to a critique of TA; then he takes on FA in the next chapter. He really is a "buy-and-hold" devotee. The FOOL brothers, Tom and David Gardner, also unleash a broadside at TA, altho in a much more humorous way. They have a chapter on the "Leibniz pre-Harmonic Oscillator" which is pretty funny. Of course, they are notorious "buy-and-holders" (at least for a year). FWIW Dept: Personally, I think TA is quite useful as it gives you an index of market psychology or sentiment. And in today's market, I think that is quite useful. Today, I was able to back out of FLC, BDI, HLX and then get back in -- particularly for FLC, quite a bit lower. It works for me (at least more often than not). Of course, for the "buy and hold" crowd, a 50 day MA is irrelevant -- so of course it doesn't work for them. Go with whatever gets you through the nite! drsvelte