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To: capitalistbeatnik who wrote (1377)	8/10/1998 11:25:00 AM
From: mark weston	Respond to of 17683

james o'brien re:Actually, there is a concept of rational ignorance, meaning that sometimes information can be a waste of time and distract from more important pursuits. sounds like a good defintion of your last post mw

To: capitalistbeatnik who wrote (1377)	8/10/1998 11:41:00 AM
From: Thomas M.	Read Replies (1) \| Respond to of 17683

Medical studies have shown that basketball and baseball players who are on a hot streak are in an altered physiological state. Anyone who plays sports knows this feeling of heightened sensory awareness and focus. Streaks are real, and ALL coaches feed the hot hand when there is one available. Don't try to hide behind the poor technical analysis of Iomegans. You believe in the efficient market hypothesis, which has been totally discredited. It appears from your profile that you are attempting to beat the market yourself. So, you want me to believe in an intuitively silly hypothesis that neither you nor its creator believes in? <g> Tom

To: capitalistbeatnik who wrote (1377)	8/10/1998 11:50:00 AM
From: Toby Zidle	Read Replies (1) \| Respond to of 17683

The sports analogy to Tech Analysis is, I think, flawed. Coaches go with the best percentage play instead of the 'hot hand' because they're trying to focus on the next event, that next basket. For me, the next event is the next day's close, and T.A. won't predict it. But the 'next event' isn't important in itself. It's a whole string of 'next' events, the trend that makes the investment. You know that the 'hot hand' makes the starting lineup. And he'll stay there as long as he's hot. Baseball, football, basketball, or stocks. That's TA. If market forces are all random events, are you picking your stocks by dartboard. Why not?