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Author Message  deanrosario Member Username: deanrosario Post Number: 157 Registered: 11-2002 Rating: N/A Votes: 0 Friday, January 02, 2004 - 09:27 am:     Did the charts in some way forewarn of today's drop in STO's share price or do we all agree that unforseen news such as an explosion that damages a gas pipeline cannot be revealed by historical price charts?!! Dean  stevo Member Username: stevo Post Number: 109 Registered: 01-2003 Rating: N/A Votes: 0 Friday, January 02, 2004 - 09:46 am:     Agree! Charts give us history not the future - they certainly won't predict events. Look what happened to GYM! The price chart was just starting to look bullish and now I believe they are in receivership. I have held this one in the past. I guess it pays to do some risk assessment of a company - some fundamental understanding of the company and it's risks can be quite useful. STO down 3% looks pretty mild in comparison. Stevo  debono Member Username: debono Post Number: 1 Registered: 01-2004 Rating:  Votes: 1 Friday, January 02, 2004 - 04:01 pm:     Hi Guys, It is a mute argument because technical analysis the same as fundamental analysis cannot 'predict' what the share price is going to do. We humans are the only ones that make the 'predictions'and TA is purely and simply a way of studying crowd behaviour to ascertain what they may be thinking about the price of a stock and what the majority are 'predicting'. So many state that they have the learnt the one great lesson "The market is always right" yet appear to fight against it with their last breath, or at least last dollar. A chart is the documentation of previous navigation and I would suggest that to go forward into unknown territory, a map may be extremely useful...even if it is old map. The problem is there is just so many squiggly lines, but the colours are pretty. happy new year cheers debono

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