Technical analysis reveals the psychology of how fundamentals...

Technical analysis reveals the psychology of how fundamentals are being received.

Technical analysis is not about support lines, resistance lines, good money going in or good money coming out, moving averages etc.

it’s not as simple as some people think because it’s actually about psychology.

the above plus hundreds of other data collection formulas) are all indicators that exist WITHIN technical analysis.

when you learn fundamental analysis you learn a fact.
when you learn the relationships between technical analysis indicators and the implications they reveal about market psychology, you’re not learning about a fact as such.
you’re learning about how a fact has been interpreted and the response to the fact.

Eg;
Here’s an example of when technical analysis takes precedent over fundamental
- During the days trading the shares volume increases by 10 times its normal average And the indicators revealed that it’s a result of good money going in not giid money going out and the indicators revealed that it’s a result of good money going in, not good money coming out.
.... You know of no fundamental changes but the data and indicators you see before you reveal confidence at 10 X the average level.

And if you don’t believe in technical analysis you completely ignore the above observations.
Instead you find that 2 or 3 days later days later a favorable announcement is released and the share price goes up. You then you look back and say “Ahhhh so that’s why there was 10 times the amount of volume on that day“.

But due to an inability to understand which indicators reveal confident money versus skeptical money, you missed the 10 - 15% price rise.
In essence, this is an example of I not learning and appreciating technical analysis, and that nativity kept you behind the 8-ball, while others stayed in front of it.

Some are better than others at turning data into psychological revelations.
T/A is a very well known discipline from military contexts to decoders to economics.
It can’t be discounted imo.
Thats it from me on this.

Here’s to the market aiming for mid- high 50’s next week as a matter of response to recent data.