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[sharechat] TLS Chart Update

From:	Phaedrus <Phaedrus@techemail.com>
Date:	Tue, 26 Nov 2002 01:16:24 -0800 (PST)

W69,

    It sure can be interesting to look back at old charts, and then see just 
what did happen. TLS provides an almost textbook case study of support, 
resistance, and trendlines. It never ceases to amaze me just how well these 
simple concepts can work. Take a look at the current trendline. This line has 
been running for three years now, and has been "respected" many times. Three 
years of all sorts of market action, and yet these peaks all line up straight 
as a die. It is intriguing just how arithmetically precise trends can be, even 
over many years. 

 Some people still seem to think that the use of TA automatically leads to 
over-trading. How about one trade in 5 years?

             Phaedrus.

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