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Strategies & Market Trends : Chart Formations -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (305)	9/23/1999 11:17:00 PM
From: sean sanders	Read Replies (1) \| Respond to of 967

Jim, F.A. is something I am just starting to comprehend; but I do find it useful at times; well at the times I understand it with T.A. anyways ... I like to think of chart patterns as something that contracts and then looks for something to shoot it in a particular dircection. To me a pattern developes because investors believe that 'news' will propel it a certain way; hence a pattern developes. But having this pressure built into the stock, index, future etc ... then having some kind of news come out may shoot it in the opposite direction then what the investors had originally planned. Also I have noticed smaller stocks seem to end up reversaing or not compleating patterns slightly more then heavier volume stocks (but this is just from my observation); I tend to watch the smaller stocks with more skeptisism. I'm glad for the privilage to do T.A. on IFLO and see it move up like that. you will learn one way or the other; with money or with paper Sean