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To: tradesman who wrote (16062)	5/9/1999 11:57:00 AM
From: Seeker of Truth	Read Replies (1) \| Respond to of 41369

Double top is out of the vocabulary of technical analysis, which used to be called chartism. Do you believe in horoscopes? A beautiful person will enter your life soon. This week is a bad one for making important financial decisions. etc. etc. Well, why don't you believe in horoscopes? Aren't they right some of the time? "Nonsense you reply, so is coin-flipping right some of the time. THERE'S NO REASON FOR THEIR BEING CORRECT!" The same thing is true of technical analysis. Technical analysts, aka chartists fail the fundamental scientific test. Give such an "analyst" a chart, from which you have carefully cut away the last half. Ask her/him to predict the future movement of the thing you are plotting against time, e.g. price of a stock. Their chance of being right is no better than flipping coins. These people have not yet experienced the scientific revolution, which started when people insisted on proof that the world was flat, the sun was a small body revolving rapidly around the earth etc. Insisting on proof has saved people's lives in court decisions. Try it for your investment rationale.