I may be stating the obvious - or complete rubbish, but I've been looking at a lot of charts (including ours) and have come to the conclusion that "TA traders and algo bots" probably contribute to the CHART flow that they anticipate by trading accordingly and the scenario changes only once news is announced. I therefore don't see TA's and fundamentalists as enemies , but as two groups focused on different time readings. Basically, fundamentals = long term and TA = short term Windows. I know this sounds too simplistic but by looking at charts retrospectively and reading old announcements I have seen a pattern that I believe could serve me well in the future when trying to avoid stale holdings. So next week I expect more of the same till news arrives, and i just hope the news is good enough for the fundamentalists to change view from pessimistic to optimism....happy Australia Day everyone - I'm about to crack a beer for you from this side of the ditch.
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