Replies to post #7799 on Looksmart Limited (LKST)

[LookinSmart]

Bit too ambigous for me all that EWT stuff, Andy. I can understand resistance support and trend lines, as there is a rational explanation behind them (albeit somewhat psychological), and many of the early mathematical indicators are based on good solid maths, merely indicating what has already happened as a tool to suggest what might happen. But EWT seems to have no rational explanation to me! Perhaps I am missing something, or it is one of these things that only works because it sometimes works, and that people follow it a bit.

Oh well - onward and upward in a couple of days i hope!!

Cheers

Lookin


PS Thanks CathieK

[Michaelirish]

Thanks Andy....excellent post