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Re: [sharechat] TA/FA reply

From:	fntradingsolutions <fntrade@bigpond.net.au>
Date:	Mon, 13 Oct 2003 19:31:24 +1000

MY Point exactly this Support and Resistance.


----- Original Message -----
From: "Maria Smith" <smith@ps.gen.nz>
To: "sharechat" <sharechat@sharechat.co.nz>
Sent: Monday, October 13, 2003 3:30 PM
Subject: [sharechat] TA/FA


> 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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References

[sharechat] TA/FA Maria Smith

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