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Technology Stocks : Business Objects (BOBJ) - any followers??? -- Ignore unavailable to you. Want to Upgrade?

To: mantle7 who wrote (505)	3/13/1998 8:56:00 PM
From: Uncompaghre	Respond to of 1150

An even balance of both TA and FA for the long term holder is neccesary. The Technical Analysis of securities is extremely important for a position or day trader. It definitely has its place in the real world. I will be so bold as to predict that during this run, after the resistance has been taken out at 16 1/2, we are looking at a gain to 19 1/2 or 20 minimum. That halt at 16 1/2 was no random event yesterday. The little trading range that developed after the gap up was 2 points tall. The breakout of that range occurred at 14 1/2. TA predicted the rise to 16 1/2. It may be a question of whether its mathematical probability that makes that happen or because the power that moves markets is operating under these assumptions. If enough people assume certain resistance levels exist, they exist...that kind of thing.