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[sharechat] TA/FA

From:	"Maria Smith" <smith@ps.gen.nz>
Date:	Mon, 13 Oct 2003 18:30:02 +1300

In the big debate there is one point which I believe has been overlooked as
to why TA is successful.

When a share breaks out of a decline this creates buying orders from all the
TA advocates which can cause the share to rise markedly thereby proving to
the TA people that their system works.

Conversely when a share breaches its support level this creates a large
number of sellers thus again proving that TA works.

TA is self fulfilling

Regards

Greg Smith


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