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.

Biotech / Medical : IMAT - ultrafast tomography for coronary artery disease -- Ignore unavailable to you. Want to Upgrade?

To: Brian Moloney who wrote (2388)	4/14/1998 10:54:00 AM
From: Bruce Rozenblit	Respond to of 3725

I used to poo-poo technical analysis but not any more. There are hundreds of techniques that have been developed. The theory is that the price action of the stock is the distillation of all known and unknown information about the company. People buy and sell on info and expectations. Therefore, the charts reveal what is REALLY going on, both behind the scenes and in public. By applying proper analysis, the odd are improved as to determining future price movement. It really works. Yes, it is no where near absolute but it can keep you out of trouble by not buying high and push decisions into positive gains more times than not. The charts show the behavior and psychology of the traders. That's what stock trading is about, psychology, emotions, expectations, nothing you can measure with laboratory instruments. Otherwise, you can make a machine that could make a zillion dollars a day in the market. Traders, especially of low priced stocks, live and die on technical analysis. Its a self fulfilling prophesy. The charts tell them what to do, so they all do it, and the predicted outcome comes true. Large institutions won't touch a stock under $5 and many avoid stocks under $10. They control over 70% of the money in the market.