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.

Pastimes : CNBC -- critique. -- Ignore unavailable to you. Want to Upgrade?

To: Ted David who wrote (1365)	8/9/1998 10:57:00 AM
From: PMS Witch	Respond to of 17683

Thanks Ted. I've noticed the ascending triangle pattern you spoke of when looking at DELL chart and, unfortunately, couldn't remember which way the breakouts usually go. You've been a real help. PW. P.S. The mind is first to go! :)

To: Ted David who wrote (1365)	8/9/1998 9:02:00 PM
From: Market Tracker	Respond to of 17683

...But they all have opinions... Ted, isn't that the truth. The markets of today vs. the markets of 30 years ago still run/ran on monies being placed on those opinions. With the blossoming of the information age, those opinions can now be diseminated at the speed of light. As general interest in the stock market/personal investing continues to grow by leaps and bounds, the increased number of player dollars in play (liquidity) is creating additional volatilty both up and down. It is a godsend that 401-K's,and other retirement type accounts are not allowed margin/options trading, as Las Vegas would go out of business, and the general population would then be required to work until death to feed themselves. :) News gathering organizations throughout the U.S. have made their controlling interests very pleased of late. ESPN is a more profitable holding for Disney, than ABC. GE must be just as pleased with its CNBC operations, as great strides have been/are being made to keep the investing public abreast of the daily changes occurring within the global markets of today. Perhaps it's a thankless job. Kudos to the entire staff at CNBC. MT

To: Ted David who wrote (1365)	8/9/1998 9:45:00 PM
From: capitalistbeatnik	Read Replies (3) \| Respond to of 17683

Yes I disagree. And I deny that there is any such thing as streaks in sports too, even though it seems so "obvious" that there is. In fact, probability analysis shows no that neither technical patterns nor streaks exist. TA patterns have never proven to be of any value and I cite Malkiel's work on the subject. So if patterns like head and shoulder were in fact valid at one time, wouldn't the very presence of so many technical traders nullify the value of those formations since price anticipation would correct the pattern? No, there is in fact a random walk, and that is why Acompora did his about face on Tuesday. Well, since you put astrologers on the air, it's no surprise that you would put technicians on either. A lot of patients might put their faith in blood letting too, but that's no reason for a doctor to do it. As far as watching them, I'll just turn away and ignore them. I'll pay attention when you get Lynch on. I'm open to reconsideration on this matter. Show me one reference that technicians can reliably beat the market and I'm on board.