I didn't say I believed 100% in efficient
markets, I said there were inconsistancies...I believe
investor sentiment, and TA can help to explain these
inconsistancies...I am an apprentice with TA...until I learn to
understand TA better, the efficient markets seems to make
sense to me.
That is ALWAYS subject to change as
I gather more knowledge.
<<unpredictable shifts to break patterns of
That would be the fundamentals. Yhoo beat
earnings and logically should command a higher price. The
past pattern was based on people believing Yhoo being
over-priced anyway and even meeting or beating expecation
isn't good enough.
If you understand and believe
the efficient market theory, then you should just
forget about T/A. I read some T/A messages to gauge
other investor sentiment. If everyone thinks the stock
will go up and act accordingly, then you can bet the
stock will go up. You don't need a chart to see that.
I am intrigued with TA and would like to learn it
better but there are unpredictable shifts to break
patterns of stocks...i.e. YHOO Q3 earnings...everyone was
looking for the immediate decline after the earnings
announcement and it did not happen...I do favor the efficient
markets theory BUT it isn't perfect. Thi market is fast
to correct inefficiencies but there is opportunity
to capitalize on mistakes.
Are you putting your stored up energy to good
use? I'm glad you're putting up a good fight today,
although since I'm not actually reading your posts or the
replies, I don't know if anyone is winning on merit.