TA is a guide only and is based on past fundamentals. Interpret it how you will, but it is not what I put my money on. Nothing can predict what will happen, only positive/negative, factual, fundamental announcements will move a SP.
Those who deal in FOREX will know what trends do and how big money movers can change this e.g. irregular spikes, up to 100 pips for no reason at all. Mums and dads having stop losses at particular TA based levels being wiped out. Money movers driving prices up, or down to certain levels that they see are TA based stops, especially in low volume stocks
The trading market has changed significanly over the last 6 years.....no easy trading for the likes of me and other mums and dads out there
Use TA wisely and do not use it as the 'be all end all'. that is all I am saying.
Now on a more positive note, how is the Cockatoo Island impending production going Tony?
chart, page-10
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