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Technology Stocks : Mattson Technology
MTSN 3.6000.0%May 12 5:00 PM EST
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To: Bill Hermesmann who wrote (1762)9/17/1999 12:43:00 AM
From: tejek  Read Replies (1) of 3661
 
I can understand your skepticism re TA. I learned to trade, using both fundamentals and TA, so it seems pretty natural to me. And I believe that the formations found on charts are a integration and reflection of market conditions at the time; industry conditions at the time; and company conditions at the time. Just some comments re TA:

***Why are so many formations like the cup and the handle repeated over and over on the charts of so many different stocks?

***Why do the formations of these patterns coincide with the time periods between quarters?

***Why do pennant/triangle formations consistently result in large gaps up or down at the end of their formation?

And when you understand the reasons that cause these formations to develop; reasons having to do with traders/investors entering and leaving the stock, you begin to realize that TA is not based on happenstance but on logical, rational, factual datum.

Having said all that when do we get rich off mtsn?

ted
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