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.

Technology Stocks : IDTI - an IC Play on Growth Markets -- Ignore unavailable to you. Want to Upgrade?

To: AJBurl who wrote (6191)	1/31/1998 6:49:00 AM
From: flickerful	Read Replies (1) \| Respond to of 11555

aj, for what it's worth... TA works for me in determining specific entry/exit points as well as understanding the underlying intention, for lack of a better term, of trading in particular contexts. however, and more importantly in a story such as the one unfolding here, it has little value in a void. the technicals must be viewed within the general psychology and fundamentals... we hit the wall at 3/4, but i felt today, the market trend had more to do with our inability to break through, than idti individually. in other words, we may well have broken through had the broader market endorsed it. but given another shot or two, with its internal strength, it may yet buck the trend.

To: AJBurl who wrote (6191)	1/31/1998 12:40:00 PM
From: Woody_Nickels	Respond to of 11555

AJ, TA is as legitimate an analysis tool as any other. FA is often based on forward looking projections which are mostly someone's opin- ion of future prospects. These are often WRONG because they're based on info from past quarters and projected using wishful scenarios! TA, however, reflects the overall influences of the market, as of TODAY, indicated in the price & vol with math interpretations derived from these and other daily information. Statistics can be manipulated to support almost any position. But simple analysis leaves little room for gross misinfo. I generally try to use TA to spot prospects and FA to provide sup- porting info about the viability of a company. In each case I try to keep it simple. No one knows the future events that will influence the markets, although a few big players can move specific stocks from time to time. Let's hope Soros and institutions pick up on IDTI!-) Ken