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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (1137)	12/10/1998 8:48:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

Haim: Why TA is BUNK As you well know, I share many of your views. I must say FA caused me to be very skeptical of this Bull Run for a couple of years. And because of disbelieve I invested too conservatively for a portion of the Bull Run. I finally got over it. That is why I jumped back into day trading this year. BWDIK Regards, L(Bunk)G

To: Haim R. Branisteanu who wrote (1137)	12/10/1998 8:53:00 AM
From: Copeland	Read Replies (1) \| Respond to of 99985

TA is just a measure of market sentiment based upon current fundamentals. If the fundamentals change -- that is, if the story changes -- an uptrend can quickly turn into a down one. Today, the story changed on Ericcson. As an old professor once told us, fundamentals help you pick the stock; TA tells you when to buy and sell.

To: Haim R. Branisteanu who wrote (1137)	12/10/1998 8:53:00 AM
From: j g cordes	Respond to of 99985

Why TA and FA don't work.. trends and events aren't always predictable (but when you think it through, that's what allows us our opportunity to make money).

To: Haim R. Branisteanu who wrote (1137)	12/10/1998 9:01:00 AM
From: Debra Orlow	Read Replies (2) \| Respond to of 99985

Why TA is NOT bunk. Haim, if you look at the volume on 12/2 and 12/3, when ERICY lost 10% of its value in two days, it was twice the normal volume on each of these days. This was followed by a rally, on less volume. Smart money had left. I agree that it was in an uptrend, but the volume had been slowing down since early November, while the price continued to rise. I realize that this is hindsight, and certainly wasn't a perfect reason to go short, but it was there nonetheless. And you can still use t/a for support, and decide what to do with your position based on that support. Given time, I came come up with a handful of stocks that have come way down from their highs, and can still show a great revenue growth when compared to those blue chips, (let's not even talk about the internuts) so where's the sense in that? We all play with our own toys, and nothing fulfills all needs. I will never say FA is bunk, but I will never trade based on FA either. But that is me. Respectfully, Debra

To: Haim R. Branisteanu who wrote (1137)	12/10/1998 9:20:00 AM
From: Ramsey Su	Read Replies (1) \| Respond to of 99985

This is neither TA nor FA but I think it will move the market significantly in the near future. The trade figures were reported yesterday and I did not see any discussion anywhere, here nor the CNBC types. Yes, it was reported but no one mentioned how it proved the Fed rate cuts and the subsequently weakening of the US$ has totally failed in one of its main objectives. It is not even slowing down our trade deficits, just compounding the problem. I am certain that all the brains (I mean that sincerely) on the forum can figure out the remifications of this trend. This is a huge time bomb that will explode one day, melting some of the already ailing economies and bursting the bubbles currently in the expansion phase. Ramsey