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To: David Wright who wrote (10595)5/1/1999 3:06:00 AM
From: Jon Tara  Read Replies (1) | Respond to of 14162
 
Why does anyone think that it is, or should be, a random market place?

Don't humans form the market?

Are the actions of humans random?

Do crowds act, to one degree or another, in predictable ways?

Can we predict, to some degree, the effect of crying "fire" in a crowded theatre?

The "bible" of classic chart-pattern reading, "Technical Analysis of Stock Trends" has very good descriptions of the human psychology behind common chart patterns. I think you would find it illuminating to read.