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To: Richard Nehrboss who wrote (48669)2/24/1998 9:46:00 AM
From: Richard L. Williams  Read Replies (1) | Respond to of 186894
 
OTOTOT--
My feeling is that TA is Dark Voodoo...you can't really see it, but <s>something seems to be happening.

Case in point...fellow I work with tracks one of the stocks I own, NWCI. Said all the indicators pointed to a breakout, in one direction or another. Nothing we read could indicate which way, and I couldn't pin it down, so I held in hopes of a good break. But when the stock dropped 45% in one week, he says to me, "Aha! See, we seen it comin'!" Sheesh! I didn't see anything coming, just a possibility.

My feeling is that TA is just another guide to use in decision making...it cannot be the ONLY guide.

Cheers!
Rick



To: Richard Nehrboss who wrote (48669)2/24/1998 11:49:00 AM
From: Paul Engel  Read Replies (4) | Respond to of 186894
 
Richard - Re: "I'd enjoy hearing what everyone thinks of TA "

As I always say, Technical Analysis (TA) is the perfect tool to predict the past.

Paul