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To: Chris who wrote (5175)	1/27/1998 10:48:00 AM
From: Chris	Respond to of 42787

TA -- why is it useful? Subject: IBM \| Previous \| ------ \| Edit your message \| Earnings \| To: DAN KACKLEY (2296 ) From: Chris Tuesday, Jan 27 1998 10:46AM EST Reply # of 2300 hope everyone sees the value of TA... TA can be applied to any time frame you want.. you can daytrade, shorterm trade, longterm investors can use Ta as welll.. as you move out to longer term perspecitve, TA/trends are easier to spot... TA is not 100% perfect, but as you saw in IBM's case, the price/volume movements signals were SEEN before earnigns were announced even.. and of course, it's always good to see the psychology.. people saying " no way, it's BIG BLUE".. "not IBM, it can't go down".. then the news comes out, and then everyone starts getting bearish.. you stick to your system/chart. it will tell you 80-90% everything that you need.. it will tell you entry/exit/outlook/risk/rewards.. aren't those 5 components the essence of trading/investing? why use anything else? wow, look at this article talking about the aptiva or some new product by ibm.. my feeling is : who cares? your in the stock on price gains./loss. whatever news (good / bad) will be seen in price.. price will move according to the news. price will look 6 months in advance.. price will show sentiment. price will show insider selling/buying.. price is key (and volume).. FA is great.. but can you tell you what to do NOW? you're basing your decisions to act upon NOW.. TA will tell you that.. FA will not.. just my feelings.. just sharing some thoughts.