Hudson's Bay Co. T.HBC

valuewoman ...

[mark5698]

I'll take at least part of that question. Question: do you know of any sound, academic (impartial) empirically based research that shows that TA does work? As far as proof is concerned you need only talk to a market maker or large daily market participant to hear evidence that 75% of the money that is traded on a daily basis on the exchanges is done so with an eye to the technicals. Fundamental trading is fawed as everyone has seen over the past three years; you can't trust the SEC, NYSE or any other of the governing or regulatory bodies that are suposed to have teeth. My own information comes from a gentleman would presently runs a TSE gold and diamond exploration company, in an earlier career he was a stock broker in Toronto; he is a relative of mine. As for "research that shows that TA does work" Depends on your definition of work; 100% of the time, no; 80% of the time, no; I would roughly estimate that based on the indicators that I use "TA works" 60% of the time. In the time the market here in Toronto has gained 20% (since March) my portfolio is up by just under 40% and believe me I'm no genius; it is all technical. I don't: use margin, do short sales, play options or warrants or any other vehicle; I just by and hold stocks. Just my humble opinion FWIW and I just felt like typing. Good luck to all