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Re: CFTC decision on technical analysis



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That's the point. The judge's statement is so narrow.

Allan Kaminsky wrote:

> There are some prestigious academics who do acknowledge the importance of
> technical analysis. I'm thinking in particular of MIT's prestigious Dr.
> Andrew Lo.
>
> Allan
> ___________________________________
>
> At 09:03 AM 5/14/98 -0700, Manning Stoller wrote:
> >
> >Dear Allan,
> >I believe that you are absolutely correct.
> >It is discomforting to have people making decisions with such a narrow
> view of the
> >world.
> >How much evidence do the academics need to acknowledge that technical
> analysis has
> >its place?
> >It will never happen, random walk is what they said 50 years ago and it
> will never
> >change. You can trace it back to their college days when their teachers
> said it.
> >
> >Manning Stoller
> <snip>