AW1 Technical Analysis, page-2411

Imagine the stock market chart as a giant etch-a-sketch, and Market Makers are the kids with their stubby fingers constantly blurring the lines.

They may buy and sell small amounts of stock, influencing the price (the squiggly line) to create a certain pattern or breakout scenario. It's like they're trying to draw a picture of a bull or a bear, but every time you think you see it, they swoosh their hand across and leave you with a confused mess - It's not always a conspiracy, but market makers can definitely nudge the etch-a-sketch in a certain direction!

Market makers aren't manipulating markets; they are facilitating trades. Their goal is to profit from the bid-ask spread, not necessarily push prices in a certain direction.

Other factors like institutional investor activity (Top 20 repositioning), news events (new discoveries, assays, technical reports, management strategies), and overall market sentiment also play a significant role in shaping charts.Technical analysis based solely on chart patterns influenced by market makers might be misleading. It's crucial to consider other indicators and market context.

Remember, technical analysis is a probability game, and market maker activity is just one piece of the puzzle.