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To: hunchback who wrote (32667)	4/27/1999 9:27:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116759

Very good sir, now you've got it. No T/A can work when a market is manipulated.

To: hunchback who wrote (32667)	4/28/1999 7:01:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116759

" And as for value, is it real value or just perceived value that drives a stock now?" How about the greater fool theory? It is interesting that the market is beginning to spread out which is positive..looks like healthcare might start coming back.. ie more sector rotation.. when people do TA, it would seem that they would have to follow many markets..to see where money is flowing..to do one chart in isolation of others just doesn't seem workable.. (what do you think?)

To: hunchback who wrote (32667)	4/28/1999 12:39:00 PM
From: sea_urchin	Read Replies (3) \| Respond to of 116759

Blasphemous questions, indeed. But, as you know, TA usually works sometimes --- and always in retrospect! Problem is when to use it. I can think of two analogies: (1) The use of cypher codes during war. Fine, until the enemy knows them, then disastrous to use them. (2) The question about the clock --- which is more accurate, a clock that is slow or a clock that has stopped? Answer. The clock that has stopped. Why? Because the stopped clock is right twice in 24 hours but the slow clock is never correct. Re value, it is always perceived value. The market always anticipates. Buy on the rumor, sell on the news etc.