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To: MichaelW who wrote (34783)3/18/1998 12:33:00 PM
From: Chuzzlewit  Read Replies (3) | Respond to of 176387
 
In other words, the charts always work except when they don't <VBG>.
Charting techniques have been studied extensively by statisticians, and not a single properly-designed study shows any statistical value to charting. The really odd thing is that the chartists wrap their mumbo-jumbo in pseudo-statistical language (like stochastics), but they miss the major point -- statistical significance.

Regards,

Paul



To: MichaelW who wrote (34783)3/18/1998 12:47:00 PM
From: Olu Emuleomo  Read Replies (2) | Respond to of 176387
 
MichaelW,

Although nothing is 100%, charts are the closest to a crystal ball IMHO. Mngt can lie to you; analysts can upgrade/downgrade; but charts dont lie and they work irrespective of market conditions!
At the very least, charts improve your chances of making money.
Dont mean to start a religious war here. Got to stick with whatever makes you money, I guess!

--Olu E.


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