I'll start with this..."But even then, we can see where the...

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HOLIDAY1

1,644 Posts.

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07/04/24

20:21

Post #: 73229359
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Originally posted by float^: ↑

I take your point. Generally, technical analysis (whether Wyckoff or other) takes the view that everything is reflected in the charts. Everything - not just insto accumulation & distribution, but all economic data, all news releases. The assumption is that the banks/instos know all the available FA, and they know all the economic data ahead of time. Having watched price action of small caps for some time, I'd say it's a reasonable assumption! Even if just one of them knows, they will begin to move the price and other banks/instos will sniff it out and follow suit. So not everyone believes it, but I do. My issue with FA is that many ASX companies appear to have great fundamentals but fail to capture the interest of banks - what then?

With TA, we only have 3 variables - price, volume and time. If the banks want to begin accumulation or distribution, it's a slow process and we can see their footprints reflected in these variables. In the days of Wyckoff, it would have been much more obvious. Nowadays they use sophisticated methods to hide their interest, but they can't hide it completely.

In my view, the only variable that might lie outside of TA is natural disasters or events like covid. But even then, we can see where the money is flowing and follow suit.

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I'll start with this...

"But even then, we can see where the money is flowing and follow suit".

Every day in every week it is changed by a HUGE International Economy & you can only guess the trend.

They talk & hate each other far less than you may think. Many are related to each other & have networks going back decades or centuries.

Reflection is useful. Economic data is 6 months behind & manipulated imo.

Accumulation & Distribution data is historical & reflective. That is... Useless for a Trader especially.

Banks Are the Big end of Town. The House Always Wins.

They.. Don't even See You.

Charts reflect behaviour.

Mainstream News releases are pre-planned ads in the public space if it goes to plan or ... "Get off the fxxking Boat!" lol imo

See how many jumped ship since 2020...........

Company news releases are different. They Really do Hope it's Gonna be Good.

They have a Hunch that it'll be Good. You have a Hunch that it'll be good.

There's Your Market Trader & may the Wind be at Your back.

Never forget the most important factor in all that happens in all Markets of any kind.

People.

They Plan things.

They can't help it. Good luck this coming week float.
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