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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Inga who wrote (43744)	4/11/1998 4:23:00 PM
From: Jeffery E. Forrest	Respond to of 61433

Thank you for offering your differences of interpretation. Differences in interpretations make the market. TA/Candlesticks do NOT allow for interpretation. Period. It either forms the candle pattern as outlined by Candlestick theory or it doesn't. That's the joy of TA and Candlestick Theory. There is no room for Interpretation, hence no room for emotion. It either IS or it AIN'T. Find ONE reference to back up YOUR "interpretation". You can't do it because it is YOUR interpretation. TA/Candlesticks is like using a MAP. You look at it and follow the directions. If you were to read a map and "Interpret", you most likely will get lost alot. I supplied you with some basic Candle patterns that come straight from the book. Can you find anything to back up YOUR "interpretation"? Don't bother trying, because you can't do it. I sometimes wonder why smart people are doing TA without fundamental analysis. You answered your own question. Why? Because they're smart enough to know that it works. When I said I am not a Fundamental Analyst, I simply meant that I don't claim to be very good at it. I look at P/E's, Price to Sales, Earnings Reports, etc., but have found that Fundamental Analysis CAN be twisted and INTERPRTED WAYYY to much for my taste. Charts don't lie. I use FA, TA and even Astrology-Whatever it takes to make a buck. (Before you laugh about astrology, I suggest you do a bit of reading about Arch Crawford. Arch has been the No. 1 Market Timer according to Hulberts for YEARS and he uses TA and Astrology exclusively.) Charts are really worthless or actual garbage without FA. Chart patterns give additional short-term clues to FA. By itself, chart patterns do not mean much and do not work most of the time. After looking at YOUR TA, I can see why you would say that. It only works for those that know how to use it. TA does not work for those that try to INTERPRET. It only works for those who can properly read the chart and act on the signals given -without emotion. Otherwise, we would not have time to count how many SI members become millionaires. It worked for me. ;-) if you do short Where in the hell did you get that idea? If you had been paying attention, you would know that BECAUSE of my CHART WORK, I will most likely be a buyer this week either at 38.50 (last GAP) or 41.50 (breakout).