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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Paul Berliner who wrote (8440)3/25/1999 4:30:00 PM
From: nihil  Read Replies (1) | Respond to of 9980
 
I agree that TA is important, I just said it can't predict anything. If it could, practitioners would have all of the money. Check out window dressing for any recent Nikkei jumps.
If charts look different in Tokyo and New York, the viewers could make more money if they would take another look. Who ever heard of an institution studying anything? No doubt I have a lot to learn, but isn't it marvelous that TA cannot see farther than 15 minutes ahead (thus one can sometimes make a living as a scalper, but no successful scalper holds a position overnight.) If trends cannot be counted on to hold for 17.5 hours I'd be careful to trade mid-term only on powerfully defined fundamentals.



To: Paul Berliner who wrote (8440)3/25/1999 4:43:00 PM
From: Dayuhan  Respond to of 9980
 
Studying charts makes a lot of sense. Worshipping them is another matter altogether, and some of the more esoteric variants of TA seem to have a lot in common with reading tea leaves or chicken entrails.


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