29/01 Indices, page-120

I understand markets are way more than TA

Understanding TA is like being able to count cards in blackjack.

It's helpful, it puts probability in your favour if you play enough but doesn't guarantee a single hand once your chips are in.

The only guarantee is you will have losses...

SPX has moved past anyone 'counting cards' cause any moves up here are without reference, so putting any chips down here is truly a gamble.

Banks on the other hand didn't close out the week as convincing.

They say bottoms are an event and tops are a process.

Atm banks look like they may be in that process but that could be done with a couple of dip buys early next week.

CBA report the following week, so that should give a clearer picture...