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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?


To: MeDroogies who wrote (8768)11/6/1998 10:59:00 AM
From: Hardly B. Solipsist  Read Replies (2) | Respond to of 19080
 
My recollection is that ORCL moves up in a spiky fashion. I don't
have any faith in TA, since I can't time things. I'd have more luck
guessing which slot machine is about the pay off, I think.

This is a little off-topic, but is there any reason to believe that
TA is any more useful that looking for water with a forked stick? I
can believe that there are patterns of "mass psychology" that might
affect short-term behavior of a stock price independent of substantive
events (e.g., new contracts, products, advertising, personnel). But I
would guess that these patterns must be too subtle to be quantified
easily (no $99 programs), or at least not widely known (since they
would surely change behavior enough to stop working).