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To: Wade Ramey who wrote (2667)12/19/1997 7:24:00 PM
From: Eliot ARespond to of 14266
 
Wade

I personally don't believe in most TA, save for some obvious
"basing" ideas. So I see no real difference between "Meaningful, detailed discussions of TA" and barking "SELL!". In the former case, we have long-winded voo-doo like utterances leading to a buy or sell signal


One needs to realize that if you are an "investor" who buys shares of a stock (hopefully based because of good fundementals) and goes along for the ride, then you really don't need TA. But those of us who like to tinker and has more influence on things the TA helps. As I noted in prior posts, the majority of people on these threads are FA buy and holders that have a small knowledge of TA and dicussions of such are of little value. What is disturbing to me is that a goood percentage of those that hype things by "using TA" really don't know what they are talking about. My experience is that the good TA'ers don't hype things and have little to say.

Bottem line is know what type of investor you are and use the tools out there to make your own decisions.

IMHO

Eliot


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