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To: MichaelW who wrote (75531)	10/29/1998 10:49:00 AM
From: TREND1	Respond to of 176388

(1) We are now at a very important point for the Nasdaq average. (2) Nasdaq is trying to beat 1769.71 (3) Nasdaq ia trying to beat 200 DMA (4) Now we will see what 10/08/98 low really means. geocities.com Larry Dudash

To: MichaelW who wrote (75531)	10/29/1998 11:28:00 AM
From: JH	Read Replies (1) \| Respond to of 176388

RE: Triple top <This has the sound of TA. Did TA have anything to do with the latest interest rate cut/rally? Most of us buy companies, not TA, but you could humor some of us with TA> Believe it or not, TA plays a larger role in trading decisions than you think. With respect to the FED's decision to cut short term interest rates, the inversion of the yield curve had already signaled the high probability of a rate cut. Well, OK, the term structure of Treasury yields isn't exactly TA, but even fundamental analysis of companies are deeply rooted in TA, believe it or not! Look at financial ratios - valuation, for example. P/E, Prc/Bk, Prc/CF, Prc/EBITDA... these "fundamentals" determine boundaries which stocks fluctuate within. Changes in other "fundamentals" such as profitability, ROE, debt (leverage) have profound effects on investor expectations of stock prices. When you really dig down deep into analyzing a company's fundamentals, ratios pop up everywhere. In many ways, TA is just another variation of quantitative analysis of the valuation parameters of a particular company, given the fundamentals. It's just another tool which may assist you in your trading decisions... it's your friend, not your adversary!