a historical perspective part 1, page-7

Numsavart Bones khan,

One hopes you and your downhill neighbor remain dry.

When the announcements are made, I will be looking to read analysis of the usual standard from you and your contemporaries. In the meantime, as all the news appears to be in the marketplace, therefore all the action should be among the market players, and thus the TA of how the participants are positioning has assumed temporary prominence...but thank you all anyway, there will be an exam on Thursday...

In the meantime just remember that TA is like looking for the "signs" that something unannounced has happened, and then providing an interpretation. I am an amateur, and these are simply my opinions. The technical barrier faced by BRM is the most significant on the chart, and there is a big wide world out there in which events can change the whole context in which the game is played, in no time flat.

If however, you happen to see the yellow lines breached on a closing basis, especially if you see it as a convincing break from the right apex of the triangle, you may be able to recognise the significance. If you are one of the troops who misses it, I would expect a bear counter attack around 3 days after the breach, which would allow a second entry point. (this is one of the things which commonly cause those congestion zones which I look for).

Anyway we will see what happens next week, and in the meantime, may your chickens continue to lay eggs.

If anyone out there has an interest in TA, an alternative analysis on BRM, or questions, please feel free to engage. I do not delude myself that I always see all possibilities. The more eyes looking at this stuff the better, and the more people applying logical deduction to the price evidence, the better the outcome, generally.