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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (45136)	5/28/1998 11:04:00 AM
From: Meathead	Respond to of 176387

A few trades don't mean much. It's the long term success rate of a given system. My dart board said Dell would close higher yesterday. I would not make a succession of bets based on it. TA is 50/50. There is no proof to the contrary. I used to believe that TA would slightly tip the scales in your favor but after years of study and application have found the coin toss to be more reliable for day trades. The fancier you get with TA, the more useless it becomes. Some of the more reliable indicators deal simply with price patterns and volume. Momentum indicators and oscillators are great for summarizing the past but are of little value going forward. Short term price moves are driven by irrational behavior. Irrational behavior is unpredictable. If you are a devout student or master of TA then you strongly disagree. That's ok by me. Not trying to start an argument about TA cause it's fruitless. Chuz has said everything there is to say on this subject. MEATHEAD