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To: Don Pueblo who wrote (579)	6/6/2001 9:15:07 AM
From: HairBall	Read Replies (1) of 1016

TLC The one thing about Technical Analysis that is agreed upon by almost all technical analysts is that "nobody understands why" the chart patterns form. It is evident that almost all technical analysts don't care why chart patterns form. The simple fact that patterns form is all that is necessary for the technical analyst. Trying to understand why chart patterns form appears to be antithetical to the traditional concepts of technical analysis - that is, why chart patterns form is Fundamental Analysis! There ARE REASONS chart patterns form VERY GOOD REASONS. And if you trade using TEND LINES, CHART PATTERNS and or PRICE ACTION SUPPORT/RESISTANCE AREAS you need to know THOSE REASONS... Regards, LG

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