Forum Archive Index - May 2001

[nickkearney@xtra.co.nz]

> Robin

If you can't learn anything from history (when you actually have empirical 
evidence on which to base conclusions) how the hell can you predict the future? 
 That is what fundamentalists basically try to do - predict the future based on 
current data.  No-one can predict the future.  However, what you can do is look 
at the present and see what is happening and get in or out depending on that.  
For example, why has RMG surged 65% in the last 5 weeks?  I don't have the 
answer but I do know that graphs will tell you it has done and therefore you 
should buy.  Who cares about the reasons when the facts speak for themselves.

Cheers
NK

> From: "robin court" <bushvalley@hotmail.com>
> Date: Mon, 21 May 2001 22:50:37
> To: sharechat@sharechat.co.nz
> Subject: Re: Re: [sharechat] Technical Analysis
> 
> One needs something akin to religious revelation to believe that technical 
> analysis is of any use whatever. Hegel wrote that the only thing you learn 
> from history is that you learn nothing from history. $1000?? $7000???? Who 
> really makes money out of sharemarket activity??
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