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To: Richard Nehrboss who wrote (48868)	2/26/1998 2:18:00 AM
From: Ibexx	Respond to of 186894

Richard, I read charts too, but they are by no means the deciding factor for my going into a stock--what and when. TA is useful when the external factors are well under control; however, in a market with rapidly changing dynamics, T/A is far from being adequate, or, I would even venture to say, it could be downright misleading. That said, my message is that I wouldn't put serious $$$$ in the market based on TA alone. On the other hand, the day traders may be in and out of the market a dozen times a day; thus, in essence, they have reduced the trading universe to a microcosm that is somewhat shielded from external perturbations, and that's why most day traders would swear by it. Hope this helps. Regards, Ibexx