Forum Archive Index - October 2003

["rob" <robere@xtra.co.nz>]

Concur Snoopy,

I am relativley new to the market, but use this site and the posts to
further my education and have made a few wins along the way in no small part
due to the contributions by the members.

I use FA but certainly have an open mind to the informed posts of the TA
gurus.   The explanations are very convincing.  I cant understand the
visceral debate really - surely the idea is to educate and leave sensible
traders to make up their own minds.

Keep the data and analysis coming.



-----Original Message-----
From: sharechat-owner@sharechat.co.nz
[mailto:sharechat-owner@sharechat.co.nz]On Behalf Of Phaedrus
Sent: 13 October 2003 14:55
To: Sharechat@sharechat.co.nz
Subject: [sharechat] TA/FA Debate


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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