hope is not what TA is about. Its about reality, like it or not....

hope is not what TA is about.
Its about reality, like it or not.

"The market can be illogical longer than you can stay liquid".

Sat West paper is flying the flag but AFR and east coast shorters using HFT are tearing it down.
I have no doubt it is accurate & the works are way ahead and impressive.

But the fundamentals seem irrelevant to the market looks like and the TA is bearish.
Till that changes, it will be more of the same looks like.

Me, BD & Macquarie were the only ones in Australia that correctly called the MIN bottom.
Now we hear nothing from Macq but hear BDs bull case many times daily.

For me, I have long supported Oz mining and investment and lost fortunes doing so when the "market" & yankee bondholders decided illogically to do the opposite of what they should have done.
I have proved I am not a bear & I HATE SHORTS.

Im just reading what the TA is showing. Just remember -

Trading Rule 4
The trend is your friend
Dont fight the trend, follow it,
the herd is stronger than the lone wolf and alone it will break you easily.