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: Mary Cluney who wrote (48793)	2/25/1998 1:07:00 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 186894

Mary, Jim Cramer says a lot of things...for effect. I guess he saw the glass as half empty and I saw it as half full. TA doesn't say anything "absolutely", it's as much an art form as a science. There are courses in TA. Try www.traderspress.com... If you want to attend classes, they are offered as in NYC and Chicago or as seminars at money shows. You could also try a few books and a charting program. Do not think for a minute that Lynch, Templeton and Buffet don't use charts in their analysis. I've always been a proponent of using fundamental and technical analysis in tandem. What kind of analysis do you use...or do you just throw darts and were lucky enough to hit Intel? <G> Jim

To: Mary Cluney who wrote (48793)	2/25/1998 10:48:00 PM
From: Richard Nehrboss	Read Replies (2) \| Respond to of 186894

Mary. "TA said Intel was a screaming sell at 70" "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?" I'm cheering all the way. Nice job. No one will take me up on my wager that TA is not predictive. (future) Richard

To: Mary Cluney who wrote (48793)	2/25/1998 11:08:00 PM
From: Ian Davidson	Read Replies (1) \| Respond to of 186894

Mary re - "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?" There sure is......Robert Prechter, who touted the Elliot Wave theory. Remember him? After the '87 crash he predicted the Dow was going to 400! How's that for legitimacy? Ian

To: Mary Cluney who wrote (48793)	2/26/1998 1:13:00 AM
From: Khris Vogel	Read Replies (2) \| Respond to of 186894

Another question. If it were shown that the proper use of TA can help someone make money ... but why stop ... why not make a fortune? Because it's all tea leaves and tarot cards, Mary. Last year, I was in a small investment club that invested only in very speculative microcaps. One member was a TA. He proceeded to tell us we should have sold a particular stock at a certain point. After the fall had already happened. Boy, was he useful to have around. To paraphrase Engel, if investing was just math and charting, every math wiz out there would be a millionaire. Of course, we know differently.