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To: Richard Nehrboss who wrote (48975)	2/27/1998 10:17:00 AM
From: Jim McMannis	Respond to of 186894

Richard, Like I've said before, I am a proponent of using fundamentals and technicals. Even when I trade the gold market, which I apply the greatest percentage of TA, I still use a fundamental model to determine the favorability of the market...so maybe I'm not the guy you are looking for. As far as predictability. I get the impression that you and some others expect a technician to be able to actually predict when and just how far a security will move over a certain time frame by applying some indicators to a chart. Predictability like that is tough. I mean, buying something and then calculating that I will sell it at xyz price in six months is too hard for me. I prefer to reduce the analysis to much lower common denominators...changes in trend, support/resistance, overbought/oversold etc. Basically, I already have an idea what I want to do and use the TA to either buy (or add), sell, buy options etc., before applying TA. Other times I'll see charts of companies that I know are good but have washed out. Then I'll re-examine the fundamentals... Think of TA as a roadmap. If you try to drive from NY to LA without it you'd probably make it. If you take the map you'll probably make it faster and know where you are on the way. Jim