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.

Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Frodo Baxter who wrote (4927)	11/7/1998 3:56:00 PM
From: LK2	Respond to of 9256

RE--technical analysis. The search for wealth takes many strange paths. From a non-believer. But each is entitled to his or her own truth. If it works for you, use it. Larry

To: Frodo Baxter who wrote (4927)	11/7/1998 4:06:00 PM
From: Yogi - Paul	Read Replies (1) \| Respond to of 9256

LK, <<Why are you weirdos so enamored of charts and worship at the pagan altar of technical analysis?>> Marketing. When confused by the daily gyrations of the market, we unworthys search for logic in an illogical world. Anyone or thing that claims to explain the unexplainable is compelling. Golden Calf -- Bollinger Bands=the same thing, Yogi

To: Frodo Baxter who wrote (4927)	11/7/1998 5:45:00 PM
From: CPAMarty	Read Replies (1) \| Respond to of 9256

RE:Lawrence's question on TA; Because all the other weirdos are and i need to anticipate their next move. <G>

To: Frodo Baxter who wrote (4927)	11/8/1998 7:18:00 PM
From: Pierre-X	Read Replies (1) \| Respond to of 9256

Re: Burn the TA heathen at the stake <gg> Amazing, something we agree on unequivocally.

To: Frodo Baxter who wrote (4927)	11/9/1998 4:42:00 PM
From: Kevin Linder	Read Replies (1) \| Respond to of 9256

Lawrence Kam; I think this my be the answer to your question. Technical analysis does not work - just ask any academic at any university. It is comparable to voodoo or reading bird entrails. That is the response and the level of response. Go to Wall Street and ask the firms analysts how many use Technical Analysis and you will find that almost all do some form of Technical analysis. Fundamental Analysis and Economical analysis are relegated to a second place type of study. The answer I think is that Technical Analysis is everybody looking at the same charts and graphs and using computer programs that say the same thing. Therefore, its much like the running of the lemmings. The stock moves up or down because everybody starts running in that direction. Ignore Fundamental Analysis at your own risk. The same is true for Technical Analysis. The old saying of "don't fight the tape" is the most appropriate here. Kevin Linder