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.

Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: clochard who wrote (281)	3/8/1998 2:30:00 PM
From: Dante Sinferno	Respond to of 4634

<<You are missing the point >> I was having some fun with Jim , Steve. Relax , it's Sunday. Rob

To: clochard who wrote (281)	3/8/1998 10:48:00 PM
From: Jim Roof	Read Replies (2) \| Respond to of 4634

First, you did not start this thread and therefore have no right to claim authority to control it. Second, whether you like it or not, no stock moves up or down APART from technicals. Supply and demand, buy or sell, accumulate or distribute - these are not things of which fundamental analysis has any say in. Fundamentals are the gasoline and technicals are the engine. I have yet to see anyone try to hitch a ride on a 2 gallon tank of hi-test. When someone presses me for a reason for why I might remain optimistic about an issue that has taken a beating I would be less than honest if I did not mention what is arguably the most potent force in the markets. Now, this does not mean that every move is predictable. In fact even the most trustworthy chart patterns have about 75-80% success. Others simply point to a slight predisposition. TA is valid for all stocks regardless of their valuation because the two primal forces in technical analysis (hope for gain and fear of loss) work in the trading of every stock of every valuation and every commodity under any and all circumstances. If you do not wish to learn anything about TA then ignore posts that address these issues. If you are offended and think that TA is for the birds then just let us sing our little songs. Jim