Letters To S&C
Thank you for the wonderful, clear-structured
interview with Samuel Eisenstadt of Value Line
in the May 2001 issue. Above all, two important keynotes stuck in my mind. These keynotes are excellent guidelines for any rational work in the field of technical or fundamental analysis of the markets. First, Eisenstadt stressed that only exact, discernable, and known information must be rationally arranged and operated on to predict trustable guidelines of future market behavior. Second, he emphasized the importance of intersubjectivity, an important factor in all real scientific work.
Two rational-minded people confronted independently with the components of the work must come to exactly the same decision about which part of the system the labeled element will belong to. This point highlights the weakest part of much of the work in technical analysis. Continue the great work!
HEINZ KOCK, via e-mail