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To: freeus who wrote (37146)4/8/1998 4:47:00 PM
From: Chuzzlewit  Read Replies (3) | Respond to of 176387
 
Freeus, market price is never the trigger with me. For example, the reason I got out of SEG had to do with increasing signs that overcapacity in the dd's was an ongoing long-term problem, and one that was not likely to be fixed very soon. In fact, considering the behavior of that market segment I wonder whether it will ever be fixed. I do suggest you read Malkiel's book "A Random Walk Down Wall Street". It is excellent, filled with all kinds of insights supported by data, and in paperback at under $20 it is a helluva buy.

I've said it before, and I will continue saying it until I see statistical data supporting the contrary view: TA is useless. Talk to Jim Leon on this thread about it. As a matter of fact, talk to any disinterested party who's studied it and he will tell you the same thing. Don't waste your time or your money with this stuff.

Regards,

Paul



To: freeus who wrote (37146)4/8/1998 10:41:00 PM
From: K. M. Strickler  Read Replies (1) | Respond to of 176387
 
f,

I do a little TA, but find that by the time some of the TA pointers point, a certain portion is past. My TA still shows DELL in the TANK, but with the meeting tomorrow, and the information on this thread influenced me to get back into DELL early this AM, and I am already up! I'm sure that my TA will reflect this in a couple of days, but it is reporting history since I can't seem to get my 'crystal ball' module to reliability 'predict' the future! Now that WOULD MAKE SOME MONEY! ( Maybe I could sell stock in the idea?)

Regards,

Ken