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I'm not a lawyer, but my understanding is that legal precedent can only be
set by a Court of Appeals or higher (and such precedent only applies to the
district or circuit in which the court resides).
If such an opinion were part of the record, it could probably be used as
one component of an appeal.
Allan
___________________________
At 09:52 PM 5/13/98 +0000, sptradr@xxxxxxxxx wrote:
>
>manning stoller wrote:
>>>> I suggest that you get a copy of the article in the Wall Street Journal
>regarding the CFTC action. Judge Levine said (in essence) that all
>technical analysis was useless and that it was a widely accepted fact by
>all who should know that no technical analysis can not help in buying and
>selling decisions and ANYONE who uses it and attempts to advise anyone else
>is a FRAUD.
>I will try to dig up the article and send it out to the list. <<<
>
>Did Judge Levine make these statements as a part of the official court
>record? If he did, then they have force of law as a precedent for future
>cases. In this case, any nonregistered system vendors are in deep doodoo.
>
>Or did Judge Levine say these things off the record? If so, his personal
>opinions are irrelevant.
>
>-Tony Haas
>
>
>-=-=-
>SBG-Priority: 3 (Normal) http://www.internz.com/SpamBeGone/
>
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