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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Jumper who wrote (293)	3/9/1998 1:02:00 PM
From: Jim Roof	Read Replies (1) \| Respond to of 4634

TA is the historical realities of the markets that tend to repeat themselves because the price action is the result of the net group psychology of the investors in a particular issue. This type of TA has been found to exist even in the ancient Orient for thousands of years. Human nature remains the same. After x% of loss the human psyche tends to throw in the towel and absorb the loss and after x% of gain the human animal tends to take profits. These forces are clearly shown in charts, not by plugging the data into some 49 dollar program (or a 1500 dollar one either) but learning to recognize the broader patterns and relationships that tend to repeat - regardless of the issue - and often without the aid of fundamentals. Jim