Forum Archive Index - October 2001

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

Good try Cullen, but its like trying to sweep water up hill or get rid of the 
astrology charts from
newspapers/magazines.
I don't use charts apart from trying to detect seasonal patterns over a number 
of years which I can
do by number crunching anyway. The Access website allows easy search and use of 
these. Warren
Buffett doesn't use charts at all and he's the most successful, professional 
and fulltime investor
ever.
However one eventually learns its a waste of time pointing out how 
counterproductive and futile the
mumbo jumbo stuff like 'head and shoulders' etc is and one just ignores all 
charting posts.
cheers,
Hugh

----------
> From: not important <cullen150@yahoo.com>
> To: sharechat <sharechat@sharechat.co.nz>
> Subject: [sharechat] FRU charts vs fundamentals
> Date: Wednesday, 24 October 2001 19:23
> 
> hey, time for a sharemarket laymens thoughts (hence
> the possible utter stupidity of the following
> statements)??
>  I think charts are very helpful, the recent chart of
> WAM proves this.
> But one thing I think this takeover offer shows is
> that a mix of fundamentals and charts is important.
> This takeover offer for FRU would be based on good
> fundamentals such as sales and growth, I highly doubt
> they offered to buy this company as its shareprice
> chart looked good. 
>  Following fundamentals would not have directly shown
> a takeover offer was coming up but it does suggest one
> could/should. I dont think a chart would show this.
> Maybe, I dont know.
> Charts are good but dont rule out anything.
> 
>   Thats my 1.5cents worth.
>        I'll be quiet now, Cullen150  :)
> 
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