tag:blogger.com,1999:blog-4899103722933689680.post8382937461295363434..comments2024-02-27T11:21:48.313+05:30Comments on Beating The Dalal Street............: Fibonacci Numbers......? ............Are they dependable.....!Rajeev Desaihttp://www.blogger.com/profile/13770541646082106675noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4899103722933689680.post-55739964494088129852007-12-23T02:16:00.000+05:302007-12-23T02:16:00.000+05:30Hello Rajeev,I enjoyed reading ur post. I knew ver...Hello Rajeev,<BR/><BR/>I enjoyed reading ur post. I knew very much how much you hate TA. I agree with you only for 90% and I disagree with you on your view for 10%. <BR/><BR/>I think the TA theory of stockmaket needs to be updated. When they invented this theory i believe they havent taken into account somany factors that are playing a crusial role today.Thats the reason its failing today. I completely agree with you that selection has to be made based on Fundamentals but at the same time we cannot completely scrap the TA. Its just like astrology. Take 10 best pundits and put them in a room and see if they come out with same results. Just becos they comeup with contradictory vies we cannot say the theory itself is wrong. Also, now a days ppl are just learning some kind of junk here and there in the internet and posing themselves to be some TA's. What they really lack is experience and not science.<BR/><BR/>The above said is just my personal view.<BR/><BR/>regards,<BR/>shree.savinirhttps://www.blogger.com/profile/14836891181589587344noreply@blogger.com