Forum Archive Index - June 2001

["Nick McVerry" <mcverry@ihug.co.nz>]

Interesting and somewhat appropriate quote from hugh:

"What I like about the 'technical' analysts (you hardly ever find any of
them are serious investors) is that they never apologise or explain
why they're wrong afterwards - they just go deathly silent - and when
challenged to predict the future of a particular share they usually go
fairly silent as well."

(From message dated 23/05/01)

Food for thought as I wait eagerly to see what the worlds best comeback
looks like :)


Nick McVerry
nick@wake.co.nz
http://www.wake.co.nz

----- Original Message -----
From: "Phaedrus" <Phaedrus@techemail.com>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, June 26, 2001 11:41 AM
Subject: [sharechat] Hugh's Test.


> Hugh,
>       Your silence is deafening. We both know what the problem is though,
don't we. You can't accept my arguments, but you are unable to refute them.
Tricky. It really is unreasonable of you to jump up and scream "it's all
snakeoil" and then not respond to a reasoned, logical reply. Just to recap
:-
>
> Up and down Trends exist.
> Knowledge of them helps when making trading decisions.
> They can easily be seen on charts.
> Charts are therefore helpful.
>
> or, in your case
>
> Trends do not exist. (!)
> They are of no use in making trading decisions. (!)
> They can not be seen on charts. (!)
> Charts are useless. (!) (Is the trend not your friend?)
>
>  I've got you, havn't I Hugh?   If you accept the premise that trends
exist, this leads quite logically to the fact that charts are useful. If you
claim trends do not exist, you become a laughing stock.
>
>  You are between a rock and a hard place, old son.
>
>                    Phaedrus.
>
> PS   How did you get on with your test?
>      Could you see the trends?
>      Could you see the value of monitoring them?
>      Could you see where Snoopy should have sold?
>
>
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