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To: Lee who wrote (45141)	5/28/1998 3:17:00 PM
From: Chuzzlewit	Read Replies (2) \| Respond to of 176387

Hi Lee, As the instigator of the satire I guess I should explain my motives. First, notice that the definition talks about unexpected run-up in price. I suppose that mean that the technician didn't forecast it in his charts, couldn't rationalize it after the fact -- this is important, because a stock that goes up can continue to go up, in which case it has broken out in TA jargon, or it could stay the same in which case it has found a new support level, or it could fall in which case it is overbought. But notice that the analysis is always after the fact, and is thus never wrong. That was the point behind more remarks. Remember, the technician didn't see the rise coming! I am sorry if my remarks offended you. That was not my purpose. My purpose was to illustrate what I believe to be some generally accepted silliness. It is difficult for me envision anyone seriously defending these concepts as useful before the fact. I suppose you could make a claim that it is a decent description after the fact, but how does that differ from saying there was a speculative bubble in a particular stock? TTFN, CTC