should bounce from here., page-75

Taken together, these 3 laws (as from my previous post, I'll repost below) shed light onto the intentions of the SM, the fellow who, as everyone suggests manipulate the markets.

The law of cause and effect reveals the extent of preparation of the subsequent campaign to be conducted by them, while the loss of supply indicates their intentions to carry out the campaign 'now' to the upside or the downside. Anticipation of the direction of the movement out of the sideways area of preparation is often foreshadowed by the divergences or disharmonies that define the law of effort versus result.

" ...you know the future is a guess and you may not be always right.. "

joker, imo, these fellows manipulate the future to their own advantage, they work in the present

repeated.........

THREE Fundamental Laws

1. The law of supply and demand determines the price direction. When demand is greater than supply, prices will rise, and when supply is greater than demand, prices will fall. Using a bar chart, one can study the relationship between supply and demand by monitoring price and movement over time.

2. The law of cause and effect provides an insight into the extent of the coming price move up or down. In order to have an effect you must first have a cause, the effect will be in proportion to the cause. This laws operation can be seen as the force of accumulation and distribution within a trading range - and how this force works itself out in a subsequent trend or movement out of that trading range. Point and figure chart counts are used to measure a cause and to project the extent of the effect.

3. The law of effort versus result provides an early warning indication of a forthcoming possible change in trend. Disharmonies and divergences between volume and price often signal a change in the direction of a price trend.