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To: Lawrence Burg who wrote (177)	2/19/1998 6:25:00 PM
From: JOHN SAMSEL	Read Replies (1) \| Respond to of 747

Lawrence Burg, I read your post a few days ago and came back to it today. Each time I read it I get a little more out of it. I know the purpose of statistics is to be able to predict with some degree of reliability. We have used control charts to establish upper and lower limits of variation and to tell if the process is stable. But we are not looking for a stable market but a growing market. How do the statistical data about stocks you use differ from what is used on process management? And how does it help us to predict the future upward movement of a stock? Does it include a lot of what I hear as investor sentiment? I guess I am asking about the theory behind TA. thanks John