Forum Archive Index - February 2000

["hugh webber" <hugh.webber@clear.net.nz>]

Classical, classical. But the technique is then to sell out after drilling
starts 
and before they find a dry hole. 
(NZOG management itself says there's a
67% chance of getting a dry hole).

Personally I don't think charting has any credibility except for 20 20
hindsight
vision.
I used to read Michael Coote's charting column in the NBR every week for
over a year for a good laugh. Anything charted on the Wednesday nearly
always
looked rather silly by Friday evening.
I see he's now taken to charting DB which is pretty safe as its about to
disappear.
Can't recall anything about Keynes, Ron B, Bill G, George S or even Eric W
ever using charting.
Here's a challenge; can anyone name me a well know investor who's ever got
seriously rich
relying on charting?
cheers,
Hugh 

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