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 : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (48783)	2/25/1998 12:46:00 PM
From: Mary Cluney	Read Replies (4) \| Respond to of 186894

Jim, >>>It helped me buy Intel at 70.<<< Cramer said on Sqawkbox this morning that TA said Intel was a screaming sell at 70. Regardless, you and other TA advocates imply TA has some predictive value. How reliable is that predictive value? Is it closer to 50% than 100%? What bothers me is that TA advocates always use the caveat about using TA properly. I have never seeing a book teaching the use of TA improperly, but just in case, is there a book that specifically teaches the proper use of TA? Another question. If it were shown that the proper use of TA can help someone make money, wouldn't there be all kinds of schools that teach TA? Like learn computer programming or learn TA in your own home and make extra money - but why stop at making extra income - why not make a fortune? Then again, if the teacher really knew how to use TA - why would they be teaching people how to do it and not spend the time doing it for themselves. Another thing, is there an equivalent TA practitioner who has been successful like a Peter Lynch, John Templeton, or Warren Buffet who can give legitimacy to TA? Regards, Mary

To: Jim McMannis who wrote (48783)	2/25/1998 10:38:00 PM
From: Richard Nehrboss	Respond to of 186894

RE: Bollinger bands to 90,3 and with about a 95% decree of certainty you'd know that when a security penetrates the upper band that you are going to get a pullback or consolidation within a few days I'm not so harsh on your post, but I'm curious to know if you'd be willing to wager on your "predictive value" of TA? If you can get 51% odds in Vegas, you can make a mint quick. My impression is you can't get a predictive advantage from your TA. I'd bet on it. Richard