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To: JPR who wrote (40590)	5/6/1998 12:36:00 PM
From: rudedog	Read Replies (1) \| Respond to of 176387

none the less my astrologer said I should buy Dell - even a broken clock is right twice a day. <gg>

To: JPR who wrote (40590)	5/6/1998 3:15:00 PM
From: Fangorn	Read Replies (1) \| Respond to of 176387

JPR, I repeat...I would like to see one statistically sound study showing that any form of TA was worth the paper you print the charts on. Until I do see one (many have tried and failed to do such a study) I won't be wasting my time. Astrology in my opinion is exactly comparable to TA, both are based on wishful thinking, looking for patterns in a random universe.

To: JPR who wrote (40590)	5/6/1998 3:32:00 PM
From: Chuzzlewit	Read Replies (3) \| Respond to of 176387

Voodoo and astrology: Anybody in sound mind will not compare Voodoo and astrology to TA. I think the comparison is perfect! Astrology wraps itself up in the "scientific" cloak of astronomy, and shares some some words such as planet and orbit. Similarly, TA wraps itself in the cloak of statistics by using some common words, but that's where the similarity ends. Both practices are a lot closer to voodoo (a religious system with considerable magical overtones) then they are to science -- a system of knowledge based on proof and empirical studies that can be repeated by the non-believer. Years ago I looked at price and volume time series using ARIMA, a very sophisticated statistical approach to discerning trends. I found that the price movements followed what is called in statistics a random walk. So far as I know, everyone who has studied the market from a statistical and probabilistic approach has come to the same conclusion. So, until I see some solid evidence, not anecdotes, I will continue to believe this stuff is bunk. TTFN, CTC