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nothing is absolute

"Nothing Is Absolute" is a truly fascinating article by Larry Katz on technical analysis and future development of the DJIA and the S&P. He manages to draw an amazing conclusion that would honor any politician: no matter what direction the market will move, Katz's forecast will be right, since for every possible movement he is able to come up with a technical explanation. My personal opinion: technical analysis is used widely used because every jerk can handle it due to its simplicity. The only problem is: using time as the ONLY influence factor makes no sense at all and investing money based upon this model is financial perversion. Worthwhile reading.

Thu, 16 Mar 2000 07:43:22 -0800

Submitted by: Juergen Lahnsteiner