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dougSF30

12/05/03 1:09 PM

#19706 RE: sgolds #19704

sgolds, to the contrary. I have an open mind. I just have rigorous standards for what I'll accept as 'gospel'. You don't have time to "find" all the studies that confirm your pet theory? Good luck finding them. They don't exist. Without having seen them, one wonders why you accept the theory at all. But then, I suppose religions are popular these days. Good luck with yours.

Doug

p.s. Please have the courtesy to refrain from telling other members when they should and should not post. You might also make use of the 'preview' function when posting-- it does a great job catching spelling typos.
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yourbankruptcy

12/05/03 2:28 PM

#19719 RE: sgolds #19704

I can beleive that TA will not tell which direction the stock will go. Otherwise everyone will be rich.

What it can do is to tell what is the support or resistance points. If the stock is falling and you wait to buy at the best price, like me, TA will help to find the support level, where the stock will stop falling. TA will not tell me if the stock will go down through support or bounce up. That's what research and luck should do.