Forum Archive Index - October 2003

[Phaedrus <Phaedrus@techemail.com>]

People,
       Forgive me for not wholeheartedly entering into the current TA/FA 
debate. I have come to see this as a futile pursuit and largely a waste of 
time. Let me tell you why. In the past I have been an enthusiastic and 
outspoken advocate of TA on ShareChat - (perhaps overly so - see 
http://www.sharechat.co.nz/archives/2001/06/msg00452.shtml for example) My 
passion was such that I was censured by the moderator for calling someone a 
fool. I apologised, of course. At one point I was spending more time defending 
TA than using it! Madness. Time after time I found myself refuting the same 
allegations and making the same explanations. Boring. Look back through the 
ShareChat archives and you cannot fail to see the repetitive and predictable 
nature of the arguments on both sides. The only thing that changes is the stock 
in question and, occasionally, some of the proponents. Snoopy is a worthy 
opponent but I tire of the joust.

Take a look at the 3 very similar charts below. These stocks have at different 
times each been the centre of heated TA/FA debate on ShareChat, with both sides 
using the same arguments and rebuttals in each case. Even the actions and 
outcomes were the same. Pure fundamentalists failed to sell when the uptrends 
ended and bought on the way down, without waiting for the downtrends to end. So 
much for  patience. (I trust this does not quality as a Parthian shot!)

I am happy to post charts should anyone be interested in them. I have always 
felt that charts can stand on their own merits and no longer spend much time on 
their defence. Life is too short.

                    Phaedrus.

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