A webcast presentation by Walter Deemer on May 16th, 2012 as part of the CMT Association’s Educational Web Series. All too often, as we focus on the cutting edge of technical analysis, in the process we lose sight of the basics: Why technical analysis exists, why charts exist, and why technical analysis is an absolutely necessary part of the investment process. (Price is everything!) We’ll also discuss Frank Peluso’s concept of the underlying trend and the illusion of the S&P 500 index.