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To: Sig who wrote (110063)	3/18/1999 12:08:00 PM
From: Grant	Respond to of 176387

Sig, Thanks. Don't know about you but 6 out of 11 sounds like a gamble I would not be willing to make. About as good a guess as lookaheadcharts.com. Thanks again, Grant

To: Sig who wrote (110063)	3/18/1999 1:07:00 PM
From: Devil's Advocate	Respond to of 176387

So one must draw his own conclusions on its use. There is no use. It's not working. Someone on another thread pointed out to me that an investor's website was warning its readers of a short term risk in the market because all their technical indicators were bearish. I responded to him that if only one of these indicators would really work, there would be no need for all the others. But, since no indicator really work, they use a bunch of them and they think that they have something 'solid' when all of them predicts the same outcome. For instance, I could use a series of coins to predict every morning how the market will perform for that day. One side would indicate that the market will go up and the other side would indicate that the market will go down. Now, suppose I have 5 coins (indicators). There is a chance (1/16) that all my coins will indicate the same outcome for one day. Does this make my coin a better indicator? No. Is there a better chance that market will go in the direction indicated by my coins when all of them agree? No.